Here is a very unique opportunity to own a package of 146 properties - the majority of them are single family homes clustered in North County. (This package also includes a daycare facility rented at $3500/mo.) Over $1,563,000 has been invested into these properties - not including their purchase price. Owner is willing to finance up to 45% of the portfolio with only 5% down which means you could buy with just $410,000 (plus closing costs). Additionally, for the first two years, only the interest payments will be due to give you a chance to maximize your cash flow. Most properties in this package have refinished hardwood floors or manufactured flooring in the living room and updated big ticket items within the last 10 years including the water heater, furnace, AC, electric, stack, windows and roof. The properties are managed by a property management company with the support of a private maintenance crew. For more details, please see the pdf in the the documents section.
Listing courtesy of Worth Clark Realty.
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