Tenant is already in place through May 2025 paying $2200 per month. Property sits outside of any flood zones. Schools are ranked 6+ and there was a recent $25k asking price drop. This is an excellent opportunity for an investor to walk into a strong equity position (fair market value is $325k), in an asset with no vacancy risk, and doesn’t need any maintenance. If you’re looking to build a portfolio, this is a perfect deal. It will cashflow positive if you self-manage while you wait for another “seller’s market”. Then cash out and 1031 your equity + appreciation into a larger Multi family deal.
