An Investors Dream @ 50 cents on the dollar!!! Just 45 minutes from Lincoln, NE, (the state capital) is a solid investment property we are selling at a 50% discount. For just $249k you are getting an 8 unit, 16 bed, 8 bath property consisting of 2 side by side buildings setup as a mini complex on 2 separate lots that together boast over 6,900 sqft of living space & a combined 8/10 of an acre, about 34,000 sqft. At a current occupancy of 80% with a rental revenue of $60,000 per year with the ability to increase rents another $14,000 per year, by doing some minor cosmetic renovations bringing it from the current $800 per unit to $950 per unit per month. By simply putting $15,000 to $20,000 in cosmetic renovations per unit, between the interior and exterior of both buildings, you won't only get a high cap of 26% rate and good monthly returns, but you'll also get a combined A.R.V of $552,000 for both buildings which equates to $150,000 in equity in just 60 days after closing, after renovations. This is one of those Home Runs investors look for, don't let this one pass you by!!! If I wasn't so far away I would keep it for myself but its to far away for us to take on 8 units, if it was a couple hundred miles I would do it but being a couple states away makes it to difficult for my management company to operate and not cost effective, but a gold mine for a local investor. For any additional questions simply ask for Glenn or Monica by calling (646) 530-4012 -or- emailing Owners@RecoveREHoldings.com Glenn@RecoveREHoldings.com
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