Water View Bremerton 9 Room Boarding House Cash Flow Rental

http://www.wahomesolutions.com/property Cheap Bremerton 9 Room boarding house for the price of a single family home.

Gross annual income is $37,200.
Annual expenses (vacancy, maintenance, utilities, taxes): $10,897

Your Price: $249,950

511 12th St.
Bremerton, WA 98312

9 bedrooms
3 bathrooms
2500+ sq. ft.
Built 1915
0.13 acre lot

Repairs Needed: New Roof, Siding Repair/Replacement, Heating System Repair, Electrical Repair, Misc.


Your Cash Price: $249,950

Go to http://www.wahomesolutions.com/property for more information and e-mail mike(at)wahomesolutions(dot)com if you're interested.

Category:

People & Blogs

Tags:

• water view
• cheap
• wholesale
• rooming house
• multifamily
• bremerton
• fixer
• invest
• investor

[wahomesolutions]

Hi Jeff. Value is in the income generated on this one. The county is taxing the property as if it were a single family, although the property has operated as a rooming house for years. Back taxes will be taken care of by seller at closing.

[Fockersnextdoor]

money pit

[BrittPhillips]

Who wouldn't want to bank $43,945.75 in 30 days with ZERO investment? Passive Income Advice [dot] com.

[jeffpolo]

I am all for a good deal and would better like to understand your thoughts on these homes. I looked at county and the assessed value is $179,560 and $9900 in back taxes and your sales price is $249,950 plus the work needed to bring it up to standards, What have i missed?