If you are a seasoned or new investor looking for a value-added investment property in a hot market, take a look at this 4-unit property in Normandale Estates. Each unit is large with 2 bedrooms, 1 bath and approximately 1000 square feet. Once the units are rehabbed you should have little maintenance costs and be able to receive at least $900 per unit on the Section 8 program. The complex is all brick, has a secure entry door, a new roof within the past year, some electrical work has been done and best of all the tenants pay all utilities including water and garbage. This 4-unit building when fully leased can generate over $43000 per year and should be worth approximately $260,000.
Property taxes are almost non existent at less than $40 a month!!
Serious offers only please!