This is an investors jackpot! This turnkey package deal consists of 404,408, 410, 412 N Walnut, 329 N Grand and 1212 N Mulberry. Walnut property is a newer duplex built in 2015 which is 4 Bedroom, 2 Bath per side, a 4 Bed, 2 Bath home & a 2 Bed, 1 Bath home all on one legal just steps from campus, 329 N Grand is a 6 bedroom, 2 bath home that sets across from football field and 1212 N Mulberry is a 4 bed, 2 bath just blocks from campus. A lg parking lot sits in center of all 3 Walnut units. Property has been occupied by the same sorority for years with 100% occupancy. There are 14 bdrms total with each tenant paying $425/month; Owner pays utilities but each property has separate meters for water, gas and electric. 329 N grand rents for 2100/month and 1212 N Mulberry rents for 1500/month, owner pays trash only at these, tenants pay all utilities. Gross income is 114,600.00. These are well maintained properties with many updates and all leased through April 2022. See attached documents for breakdown of expenses, cap rate and age, lot sizes of each property.
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