Turnkey rental 2-Bed/1-Bath in Norton Shores, less than a half mile from the Mercy Health Campus! New furnace, new hot water heater, updated electric and plumbing; Newer appliances, including washer/dryer in the basement; Remodeled kitchen with new flooring; original hardwoods in bedrooms/living room; large back yard; large 1-car garage; New roof on one side of the house; 10%+ CAP Rate. (Note: Property is currently owner-occupied and will pay market rent until they are able to close on their new home).
Wholesale Price: $55,000
Market Rent: $800-$900/mo + utilities
Repair Estimate: $2,500 (very little needed)
We hold the assignable contract. This will be sold on warranty deed. $55,000 is the buy-it-now price, meaning we will not accept a higher bid once the buy-it-now price has been met by the first party to pay $2,500 earnest money deposit. Cash or hard money only, property sold in as-is condition. Buyer pays all closing costs and is responsible for their own due diligence and verifying all facts and figures. Price based on quick closing in 14 days or less. JTK Property Solutions members or employees make no guarantees concerning property condition, value, characteristics or financial benefits.