Looking for a buy-and-hold property? Want to make passive income – pay for retirement, the kid’s college, a vacation home, the second yacht in case the first one sinks?
The spacious townhome includes a long-term tenant (Sergio – a nice guy). Stucco walls and low maintenance gravel and native plants in the yard – no worries about a large water bill or mowing the grass. There’s even a paid-off water softener! Spacious for a townhome at 1915 square feet. In the Northeast ISD with 3 bedrooms, 2 baths, and a 2 car garage – you won’t have any problem reselling it, or renting it out after the current tenant leaves.
The lease expires on June 28, 2023. The tenant is paying $1545 a month, and all utilities – the landlord only has to pay the HOA! Priced at $236,000 due to the cosmetic updates needed (70s wallpaper and laminate!). ARV is $284,480 – you’re saving almost $50,000! You could take a world-class vacation with all the money you save – or use it as a down payment on your next investment property, and start a real estate empire!
And as always, as your top San Antonio real estate agent, we are here to serve your real estate needs. If you know of anyone looking to buy or sell, please share our name and page with them! We love referrals! Contact me for more information.