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RAPID ROI - from a single investment of $139,000, with very little time involved.
Would you invest $139,000, ONE TIME, to get an annual NET return starting at $25,000, and increasing every year thereafter?
Earn a nice residual income for a very low investment:
Low maintenance income property with four rentals. Located 8 minutes West of Tucson. Safe area. Semi rural but close to the city. Nice location directly across from State land offering a beautiful view. Good location to raise children.
Four mobile homes, sharing one property, approx an acre, each home is rented. Each home has a private yard and is fenced and each home has storage buildings with slab floors. All homes converted to A/C. All share a common driveway. Each home is fully titled and are in nice, habitable condition. Covered carport for a large motor home. City water. Tucson Electric Power and Southwest Gas to all homes. Cox Cable available to all homes. Property has 2 septic systems which is much more than needed.
There are also two additional storage buildings. They are solid buildings, built on slab floors, which might possibly be used perhaps as a personal office or else to store tools, or possibly even rented to a tenant as "storage" for additional income. They could not be rented as additional living space due to code limitations.
Property is nicely landscaped and includes a number of trees and shrubs, and even some fruit trees and vines.
For those who don't know, mobile homes are easy and inexpensive to repair and offer a high return for cash invested. You are buying four rental mobile homes for the price of one stick built.
This property is for sale for a limited time only.
If it does NOT have a Purchase and Sale Agreement in place by December 5, 2012, it will be withdrawn from the market. NO EXCEPTIONS. I will not change my mind on this.
Additionally, Buyer must agree to close before the end of 2012 or offer will be rejected. NO EXCEPTIONS.
I'm selling this to pay off some debt before the end of the year. Otherwise, I will keep the income for myself.
So if you are considering this, act fast. It is priced to sell quickly.
Net income is $2200 per month. Low maintenance, low cost of operation.
Earned income:
Get paid monthly rent each month from four tenants as follows:
4 bedroom double wide earns $765
3 bedroom earns $660
2+ bedroom earns $620
1+ bedroom earns $500
Gross Income: $2545
Monthly Expenses:
Water (2012 averaged): $201
Maintenance (averaged-materials only): $98
Net Monthly: $2246
Landlord pays water. Tenants pay all other utilities, including garbage. New owner could elect to sub meter water and collect water fees from Tenants.
Other Annual Expenses:
Land Taxes : 840 ** (see disclaimer below)
Home Taxes (approx): $300
Do the math.
Sale priced at $139,000. One time investment.
Then in return, earn a rising annual return starting at more than $25,000, with minimal management,
My Father bought it in 2002 from the second owner for $157,500. This provided his livelihood until his death in 2012 and I believe it has been fully rented since he purchased it. Two of the tenants have been there for many years, and two are recent tenants. Both homes rented recently, found tenants within two weeks of placing an ad.
It is now greatly discounted for quick sale. At it's peak, he told me it was appraised as an investment, with land, property and income, at $250,000.
In 2002, a County Inspector questioned the placement of four homes under this zoning. Dad took it to Court to settle the question quickly, and the placement of four homes was upheld by the Court Judge, and is thus grandfathered in.
* Disclaimer: In 2003, Pima County woke up and realized this parcel was worth more than the $19,000 they had it listed for, but agreed to slow, annual increases until it eventually reaches it's appraised value. The County has a current property appraisal at approx $58,000. Tax has thus increased by a minor amount each year and probably will continue to do so, until the County appraisal reaches market value.
Terms are CASH.
This is a nonconforming property and will not qualify for normal financing. NO CARRY BACKS. I want cash to eliminate debt, or else I might as well keep the income for myself.
Closing will be handled by Fidelity National Title Company, who has performed title searches on this property previously. Closing costs split between buyer and seller. Property can close in as little as two weeks. Escrow payment of $5000 must accompany Purchase and Sale agreement and is to be made out to Fidelity National Title, who will hold it until closing.
At Buyers election, I am willing to provide short term property management as part of the purchase to ease transition.
This property is for sale by owner. I AM willing to pay a Realtor fee ON CONTINGENCY ONLY. I will not offer an exclusive because the property is available to sell for a short time only.
Bring a signed P & S with escrow check and I will agree to pay a reasonable commission. Call for details.
If you wish to view the property, phone owner directly: .
If you do figure out the location without phoning, PLEASE DON'T INFORM THE TENANTS THAT THE PROPERTY MAY BE SOLD.

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