Cash Flow'n 6 Unit

South Crysler Ave, Independence, MO 64052
6 Units total

• 2 story
• 4 Units are 1 bed/1 bath, and 2 are studios
• Total living 2,400 sqft
• Covered parking on gravel lot
• 1979 Year Built
• 100% Rented, No Vacancy!
• Annual Taxes (Jackson County Website): $860
• Insurance for dwelling: $1,390
• Owner pays electric for common areas, avg $275 mo.
• Owner pays water $50 mo.
• Tenants pay all other utilities.
• New stoves and refrigerators in each unit
• Property management in place
  
• Just fell out of escrow last month for $185,000 and owner wants it sold!
  
• Appraised (Jan 07): $195,000
• Contract for $115,000 and needs to close escrow by Feb 29th 2008

Rent Schedule
Unit#1: $295 Lease Ends: 10/08
Unit#2: $310 Lease Ends: 11/08
Unit#3: $250 Lease Ends: 11/08
Unit#4: $250 Lease Ends: 11/08
Unit#5: $310 Lease Ends: 1/09
Unit#6: $300 Lease Ends: 10/08
Total Rents: $1,715



The Real Deal:
Assignment Fee: $10,000 (purchase the contract)

This needs to be sold ASAP, short term escrow