$25,000 cash buy you control of 4 fully occupied family in troy

4 Replies

Price $55,000
Location 856 4th ave, troy, NY, 12182
Property Details

Unit: 1

  • Current Rent: $595
  • Occupied: Yes
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage: 600

Unit: 2

  • Current Rent: $535
  • Occupied: Yes
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage: 450

Unit: 3

  • Current Rent: $550
  • Occupied: Yes
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage: 575

Unit: 4

  • Current Rent: $695
  • Occupied: Yes
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 850

There is a silent partner.  I am $50% partner with right to sell my portion.  I take 10% management fee, 1st month rent on new tenants and 10% on maintenance.  I have full control.  She is just impossible to reason with. So I don't, and you won't either.

I will take $25,000 cash and $30,000 over 3 years at 7% interest. 

its a good building, but my energies are elsewhere.

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