Sitting on over 1 acre of land, this vacant property is ideal for a savvy owner. It needs about $15,000 worth of TLC to be up and running as a high cash flow rental. Could also be ideal for an owner occupant willing to make minor repairs, or a buyer in need of multiple rooms for extra income/guests. When it was rented out it grossed $6500 per month on average, a staggering 14%+ cap rate, and was managed on the PadSplit platform for furnished rentals. It’s close to public transit, the interstates, the busiest airport in the world, and major logistics centers to ensure superb connectivity and access to jobs. Will not go FHA/VA, likely needs to be cash or hard money lenders only.
