749 Lausanne Package Deal 5 units
Property Description
If you've been looking for a way to get into rental properties without having to piece together one house at a time, this is a great opportunity. This package includes five single-family rental homes located at 743, 745, 749, 804, and 807 Lausanne, all with tenants in place and producing income from day one. The portfolio is currently bringing in $4,140 per month, but what really caught my attention is the upside. The current rents are below where I believe the market is today. Similar homes in the area are leasing in the $925-$1,000 per month range. At an average rent of $950 per month, the portfolio would generate approximately $57,000 in annual gross income. Assuming a conservative 35% operating expense ratio, that equates to an estimated 10.0% pro forma cap rate at the $370,000 asking price. Whether you're a first-time investor or someone looking to add more doors to your portfolio, this is the kind of opportunity that checks a lot of boxes-immediate cash flow, below-market rents with room to grow, and the convenience of acquiring five properties in one closing instead of spending months trying to buy them individually.
Broker Details
Landmark Realty and Investments LLC (229) 834-7131
MLS ID: 289_425
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $350,000 |
| Lot Size: | 4,586.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 5 |
ID: 3yd-VMLSGA-154554
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