462 S Dade Avenue

This home is part of a package of 11 homes priced at a total of $804,100. All of the homes are rented and there are 7 section 8 leases and 4 market-rate leases. Average rents are $1,143 per month. Eight tenants pay their own sewer bills, saving approximately $520 per month in owner expenses ($6230 annually). The package includes six 2-bedroom homes and five 3-bedroom homes. Two-bedroom units typically experience less wear and tear, reducing long-term maintenance costs. The homes are priced below market to reflect some deferred maintenance, including older systems and older roofs. Seller is not offering any seller financing. Please include the following in the special agreements section: Properties are being sold as is with seller to do no inspections or repairs. Buyer will have one-time access to the properties. Access will be scheduled once earnest money is deposited. Please see the documents section for the marketing pdf with details on the other properties.