BiggerPockets

>>> CHEAP 6-plex in Mt. Vernon, NY ---> $168K<<<

Sunday, November 22

6 unit property (winterized already), 3 story building, sitting on 0.07 acres. One of the larger dwellings within the area. Two separate entrances (via front porch). Each side has 3 units. Each side has own boiler and single gas meters. Rents would include utilities. ARV: $375K - $475K (last sale at approx. $800K) All but one unit (on 2nd floor) will require rehab (kitchen, bath, floor covering, electrical upgrades like fixtures, outlets, switches). Recommended also (but not required): installation of boiler for each unit with separate gas meter. Exterior repairs include: exterior vinyl siding (removal of vegetation on side wall), removal of junk and boat. There are four 2 bdr units (renting for $600-$700) and two 1 bdr units (renting for $400-$450). Total monthly rental income if fully rented: approx. $3,200-$3,700 Driveway is common (shared with neighbor). No garage. Basement is in poor condition and wet, roof is sagging (according to property manager). Distressed out-of-state owner, therefore the rock bottom price ($168K)! Please, make an all cash offer - fast! You will have to pay the back taxes (approx. $61K and change)..... And the rest of approx. $107K goes to seller.

Call 24/7 (goes to VM after hours), leave message: (310) 461-9150

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