RMRES-8905 E. Richthofen Pl.

•Five units with separated utilities

•Large 2 bed, 1 bath units

•All brick construction

•Way under market value

•5 off-street parking spaces

•Condo conversion potential

This five unit multiplex is a great opportunity for an investor to pick up a cash cow property with solid rental history and the potential of $1500/mo cashflow. Currently, each unit rents for between $650-$700/mo. Each unit has 2 bedrooms, and 1 bath, and is approximately 920 sqft.

The building is a maintenance-free all brick exterior, with a newer roof, and off street tenant parking. Additionally, because this multiplex has separated utilities, it could be converted into condos for individual sale. It is located at 8905 E. Richthofen Pl, near Colfax and Yosemite St.

This property was listed for $420,000. I currently have it under an assignable contract for $365,000. I would consider selling the contract for somewhere around $3,000—$5,000. I can be very flexible with the terms of this payment. Also, I can be flexable with the terms of the contract flip so it may be possible for you to get up to 100% financing on this property.

I am looking to flip this contract as soon as possible. I was looking for a great deal on one multiplex, but happened to get two incredible deals under contract, so I’m looking to flip one and keep the other. Don’t miss this opportunity to rake in consistent cash flow from this excellent property.

If you have any questions, want more information, or wish to schedule an appointment to see the property, give me a call (Mark Hartwig) at 303-442-1608.