NEW PRICE!!<<<INVESTORS>>>This is a great opportunity! 10 tiny rental houses with a low vacancy rate. Each of these tiny houses rent for $500-$550 per month. The current owner pays water and trash, tenants pay their own electricity. The gross income is over $5000 per month, that is a cap rate of more than 20%. Please do not disturb the tenants..
The units are not in perfect condition but they stay rented. Most are month to month and because the rents are so low it is never a problem finding new tenants. Rents in the area for similar places are $650-$800.
Buy and hold investors who are looking to make the move to multi units, this might be the deal for you! Seller will consider trading this multi unit property for SFR's or he might consider short term owner finance with $100,000 down.
The information being provided by the Corpus Christi Association of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Listing information last updated on June 16th, 2019 at 3:26pm CDT.