This offering is a package of 11 single family houses in Spanish Lake area. The package entails four 3 bedroom, 1 bathroom houses and seven 2 bedroom, 1 bathroom houses that have been renovated, leased and have been a cash cow to the owner. Annual gross income of $107,520 and net income of $74,261 after expenses, maintenance, property management fee etc. puts the opportunity very attractive at 10% cap rate. Other houses include 1135 Baron Ave, 1139 Laredo, 1148 June, 1201 Rhea, 1207 Maple, 9789 Dennis, 11136 Larimore, 11845 Benham, and 11925 Bridgevale. Please do not disturb tenants.
Listing courtesy of NextDoor Realty LLC.
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