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Adam Gerig
  • Investor
  • Fort Wayne, IN
77
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276
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5 turn-key SFH properties for sale in Fort Wayne, Indiana $117k

Adam Gerig
  • Investor
  • Fort Wayne, IN
Posted Mar 8 2015, 15:44

I've got 5 properties for sale.  I own these properties and will manage them for 10% if new investor buys and retains our services.  No lease up fee 10% of gross rents collected that's it.  Gross rents are over $2300/month.  It's two 3 bed units and three two bed units.  4 of the 5 units are rented the 5 unit is being rehabbed here shortly after long-term tenant is leaving and we plan on leasing at higher rate.  I will sell these contingent upon all being leased if new owner wants it cash flowing day 1.  

This fits the 2% rule and is over 12% return based on the 50% rule.  Either way run the numbers and if you are interested I can send you an excel spreadsheet.  Over $12k was put in 4 units of which were purchased in 2014.  The other one was purchased in 2012 and has had same renter in there at $550/month and at that time we put over $10k in it new everything.  See image below this is the property that was completely rehabbed in 2012.

Offering