Let me give you the rundown on the property,
8 Lot rentals @ 100 per month, local market avg is 150, includes
water, so there is an upside with raising rent and submetering. Rents have
not changed in twelve years.
All pads are leased and fully tenant owned units
1500 sq ft house rented @ 550 per month
Lot is 1.5 acres
All long term tenants
Public water and sewer, costs 4800 per year in usage
property taxes 4400 per year WAY TO HIGH
Nets 8400 per year
Price is $30,000
I really enjoy this forum and hearing everyones opinion! I want
to thank everbody for their insights, you have saved me small fortune
over the last year!!! Please let me what you think!