Skip to content
Classifieds

User Stats

2,113
Posts
195
Votes
Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
195
Votes |
2,113
Posts

$5,600 per month Turn Key Condo Conversion $300,000

Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
Posted May 9 2015, 22:58

I have 4 Three Bedroom two full bath Apartment Homes, and 4 Two Bedroom two full Bath Apartment Homes grossing $5,600 per month in rental income.  My note on the property includes my insurance and tax, and is less than $1,200.  Management company is in place taking care of everything for 10% of my rental income. You do the math.

Tenants with financing in place, want to buy the three Bedrooms as Condominiums for $60,000 each and two bedrooms for $50,000 each.  Purchase the property for $300,000, and take home $140,000.  Mom and Pop operation so,  there are no spread sheets or $50,000 financial audits done.  Got lease agreements, purchase agreements and will pay for current appraisal plus fees of the Title Attorney and Conversion work.

All the work done for you.  See property before Rehab.  Will return your E-mail with Rehab work inside and out

E- Mail me or call (225)238-3923 

Offering