Great portfolio addition of cash-flowing properties! Package of 15 single family homes in north county that are 100% rented. Very stable tenant base with the average length of stay at over 5 years. Four of the leases are Section 8. Tenants are responsible for their own utilities with the sewer expense charged back to the tenant. Most properties in this package have refinished hardwood floors or manufactured flooring in the living room and bedrooms rather than carpet which is expensive to replace plus ceramic tile floors in the kitchens and bathrooms rather than vinyl. Current rents are below market so there is a great opportunity to increase rents for a higher return. DO NOT disturb tenants or walk the properties (trespassing). Tenants are not aware of the sale. See document section for list of properties included in the package.
Listing courtesy of Worth Clark Realty.
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