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Richard Holbeck
  • Real Estate Investor
  • Layton, UT
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$50,000 Ogden UTAH rental property

Richard Holbeck
  • Real Estate Investor
  • Layton, UT
Posted Dec 22 2014, 14:07

3 bedroom 1 bath single family home in Ogden, Utah. Owner is a novice hard money lender that ended up with the property. I tried for terms but he wants a cash offer. Offer accepted at $47,500 and I will make $2500. House is rented to section 8 tenant (HUD housing) for $720 per month. Just passed annual inspection and renewed the lease for another year. Tenant pays all utilities. Tax value is $42,003 (taxes are $417 per year).

Rich

[email protected]

Offering

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