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Listing
Price:
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$ 40,000.00 | ||||
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Listing
No. 123688
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Printer Version |
Loan
Amount:
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| Equity: | $ 40,000.00 | ||||
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Control Type:
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Part Owner / Agent | ||||
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Property Name:
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NNN lease rental income |
I have an interest or
idea for the Seller OR  YES, I am a Taker for this Property with another property or cash.
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Property Type:
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Income Combination | ||||
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Description:
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Rental Homes for sale: Invest in net leased and fully managed rental homes with a 9% return at a purchase price of $40,000* each. Each manufactured home is on a deeded lot located in Dickinson, ND in the Heartland Village development. The price offered is subject to sellers right to a net leaseback with an option to repurchase provision as below described. At purchase, you will Triple Net (NNN) lease the homes back to Heartland Village management company at a 7% yield at $ 1,820 annually, payable monthly PLUS a 2% per annum appreciation at sale for a total effective yield of 9%. Each month, you will be sent a net rent check. Management company pays ALL expenses including taxes, maintenance and does ALL the work for you. You keep ALL the benefits of ownership without any worry or bother of vacancies or rental management. In other words, we pay the rent regardless of occupancy or other tenant related problems. Each deeded lot will have a newer 3 Bed, 2 Bath manufactured home that rents for an average $550 per month. *Heartland reserves the right to re-purchase these home/lot packages at anytime for up to five years at the original selling price in addition to an annual appreciation of 2% per year plus monthly rental payments with a one year minimum plus all costs of transfer. For more information, please contact Tom at AmeriMont Inc., 406 284-6546 | ||||
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Square Feet:
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1000+- | ||||
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Year Built:
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1995-2007 | ||||
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City:
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Dickinson | ||||
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State:
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North Dakota | ||||
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Cap
Rate:
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6-10 | ||||
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Benefits
to New Owner:
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You can now own real estate, earn a 9% return PLUS all tax advantages of owning real estate and have no management or maintenance responsibility. | ||||
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Motivation
to Sell:
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Price Firm - All Cash/Cash to Loan |
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Reason
For Selling:
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Our motivation for selling the lot and home is to raise the necessary capital to acquire the homes. At closing, we will ask for a mutually agreeable option to repurchase the property at some point. | ||||
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Can
Add:
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140 more of same. | ||||
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Other Remarks:
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This is a very safe alternative to other lower yeilding investments available today. | ||||
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Agent or Owner:
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Tom Langel | ||||
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Date Listed:
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04-07-2008 | ||||
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Seller
is Willing to:
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Sell | ||||
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Wishlist:
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No Wishlist Available | ||||
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Email Me Directly:
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ExchangeMail
User:
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amerimont | ||||
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User
From:
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Manhattan, Montana | ||||
| No Picture(s) Available | |||||
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