4735 S 1900 W W Roy, UT 84067
Back of the market after buyer lost job the day before closing. DO NOT DISTURB TENANTS. No sign on the property. Make offers subject to inspection. Great cash flow property with good paying tenants! Property list price is determined using a reasonable 7% CAP rate based on 2015 Net Operating Income. Cash on cash return of 7%, based on typical commercial financing terms of 25 years @ 5% interest with 25% down. Owner has recently increased rents to generate an additional $1,860 annual rental revenue, providing for an even higher expected return in 2016. One tenant with the lowest rent ($695/month) is on month-to-month, giving the new owner the option to increase rents further or to buy as owner occupied. Other tenants have leases through December 2016 ($710/month), May 2017 ($735/month), and September 2018 ($705/month). Upgrade recently completed, including new swamp cooler, new carpet and new water heater.
Interior Features Include:
Disposal, Range/Oven: Free Stdng.
Window Cov: Blinds
Heating: Forced Air, Gas: Central
Floor Type: Carpet, Tile
Exterior Features Include:
Acreage: 0.2200 Acres
Lot: Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat
Landscape Landscaping: Full
Roof: Asphalt Shingles
Other Features Include:
Inclusions: Ceiling Fan, Dryer, Range, Refrigerator, Satellite Equipment, Washer, Window Coverings
Amenities: Electric Dryer Hookup, Laundry; Hookups
Utilities Gas: Connected, Power: Connected, Sewer: Connected, Sewer: Public, Water: Connected
Storage See Remarks, Other
School District: Weber
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