An Investors Dream @ 50 cents on the dollar!!! Just 45 minutes from Lincoln, NE, the state capital sits an a property. High Cap Rate, $150,000 in equity & an ARV of $552,000. For just $249k you are getting an 8 unit, 16 bed, 8 bath property consisting of 2 side by side buildings setup as a mini complex on 2 separate lots that together boast over 6,900 sqft of living space & a combined 8/10 of an acre, about 34,000 sqft. At 80% occupied with a rental revenue of $60,000 per year with the ability to increase rents another $14,000 per year, by doing some minor cosmetic renovations bringing it from the current $800 per unit to $950 per unit per month. By simply putting $15,000 to $20,000 in cosmetic renovations per unit, between the interior and exterior of both buildings, you won't only get a high cap of 26% rate and good monthly returns, but you'll also get a combined A.R.V of $552,000 for both buildings which equates to $150,000 in equity in just 60 days after closing, after renovations. This is one of those Home Runs investors look for, don't let this one pass you by!!! If I wasn't so far away I would keep it for myself.

By simply adding $15-$20k in cosmetic renovations per unit it will get you an additional $150.00 per month, per unit in rental revenue plus $150,000 in equity that you can cash out by refinancing or flipping this property retail as a turn key rental. Buy as-is for $249,999 and in 60 days with minor cosmetic renovations end up with a property with an ARV of $550,000 @ $80 per sqft.