Wholesale Cash Flowing

2 SIDE BY SIDE MFG. HOMES THAT CAN BE DEVELOPED INTO 12 UNITS

1501 Lewis St, Centralia, WA 98531

$170,000 After Repair Value -
$130,500 Asking Price -
$0 Cost of Repairs =
$39,500 Potential Profit

Property Details

Asking Price $130,500

After Repair Value $170,000

Costs of Repairs $0

Potential Profit $39,500

Living Area 1360 ft2

Property Type Multi-Family

Bedrooms 4

Bathrooms 3

Half Bathrooms N/A

Parking 1

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $1,220

Yearly Expenses $0

Property Taxes $0

Net Operating Income $0

Cap Rate N/A

Property Description

2 Rental mfg. homes on side by side lots that can be developed in to 10-12 unit apartments or more with a variance. These Mfg. homes are currently rented and professionally managed, they are surrounded on all sides by existing apartments of 16 units or more. the city will allow 10-12 units without a variance, or more units are possible with a variance. one neighbor next door has 16 units on the same size lot. Owner financing is available on this with a very reasonable down payment. The monthly payment is low enough that existing rents on the mfg. home will cover your expenses. you could buy today with plans to develop down the road and the rents will cover expenses. Double Wide Mfg. Home $75,500...................Monthly Principal & Interest Payment = $366.92Single Wide Mfg. Home $55,000.....................Monthly Principal & Interest Payment = $253.61Cal Kevin for more details, 360-269-7359

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Kevin Romines

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