NEW PRICE!!<<>>This is a great opportunity! 10 tiny rental houses with a low vacancy rate. Each of these tiny houses rent for $500-$550 per month. The current owner pays water and trash, tenants pay their own electricity. The gross income is over $5000 per month, that is a cap rate of more than 20%. Please do not disturb the tenants.. The units are not in perfect condition but they stay rented. Most are month to month and because the rents are so low it is never a problem finding new tenants. Rents in the area for similar places are $650-$800. Buy and hold investors who are looking to make the move to multi units, this might be the deal for you! Seller will consider trading this multi unit property for SFR's or he might consider short term owner finance with $100,000 down.

  • MLS# 341262
  • Sub-Type Resale
  • Status Pending
  • Year 0
  • Days On Site 97
SQ Feet 3,712
Listing Provided By:
Brian Banks  of  ATC Metro Properties
 
 
this listing $199,999
14.88%
$234,950 in 78418
this listing 3,712 SqFt
371.96%
787 SqFt in 78418
this listing $54 $/SqFt
27.84%
$75 $/SqFt in 78418
this listing 97 on site
46.41%
181 on site in 78418

Location

State TX
County Nueces County
City CorpusChristi
Zip Code 78418
Area Nueces County

Loading Form

Real Estate Links Our Domains