Multifamily Detached Additional Dwelling Unite (DADU)

[Richard A Mandis III]

☀️AMAZING MULTIFAMILY D-ADU OPPORTUNITY IN RED BLUFF☀️

💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸 💸🏡💸

☑️ 3 SINGLE-FAMILY PROPERTIES ON 1 PARCEL!! 🤩

ASKING $389K

#1🏡 1515 walbridge

2/1 900 sf

Tenant Occupied Paying $700/month

Month To Month Lease

Market Rent $1250

$225K ARV

1515 Walbridge Inspection

#2🏡 1545 4th

2/1 900 sf

Vacant

Market Rent $1250

$225K ARV

1545 4th Inspection

#3🏡 1559 4th

3/1 1146 sf

Tenant Occupied Paying $800/month

Month To Month Lease

Market Rent $1700

$286.5K ARV

1559 4th Inspection

Access By Appointment

(Please be respectful of others living in and/or around the property)

Total Long Term Rental Income Current Market Rates = $4,200 per month

AIRBNB < 1.0 mi $2,200 per month for a 2/1 x multiply by 3 $6,600 gross per month

Total ARV = $736,500

*After rehab this is an 9% PRO FORMA CAP RATE

*POTENTIAL PROFIT OF OVER $200k for fix and flip!

✅GREAT PROPERTY FOR ALL STAGES OF INVESTORS

✅MULTIFAMILY D-ADU VALUE ADD

✅WITH PROPER APPROVAL FROM PLANNING DEPARTMENT THEORETICALLY COULD SUBDIVIDE*

*PLEASE DUE YOUR OWN DUE DILIGENCE

✅WALKING DISTANCE TO RED BLUFF HIGH SCHOOL

✅10 MIN DRIVE TO MAIN ST & INTERSTATE 5

✅QUICK ACCESS TO SACRAMENTO RIVER 🏞

✌🏽WE CAN ALSO REFER CREWS TO DO THE WORK IF THAT LOOKS LIKE HELP TO YOU✌🏽

Rich Mandis

Universal Property Solutions

Phone: 609 217 7315

Email: [email protected]

All deals cash or hard money only. I am selling my assignable contract with the seller of the property. I am not a realtor. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $750 closing fee to Open to Close for transaction coordination.