- Attractive current market cash flow and cap rate
- Seller is working on repairing the below items from inspection report making this an ideal property for a new or seasoned investor. Repairs will be done by close of escrow or seller will consider a repair credit:
(1) Exterior: Back of the house patio area has wood siding water damaged. Front right side of the house, right side of the house, and right back of the house all has water damage facia. This can allow for water intrusion. Recommend having contractor evaluate for replacement.
(2) Roof: Granule loss and damage to the roof and signs of past leaks on the interior ceiling. Recommend evaluation and repairs. Recommend evaluation and repairs.
(3) Windows: There are windows that are sealed shut which is a safety issue. Recommend repairs to functionality.
(4) Common Areas: Discoloration or mold like substance noted on the walls and ceilings. Recommend microbial remediation.
(5) Attic: Discoloration noted at the attic entrance. Recommend microbial remediation.
(6) HVAC: Burners did not engage during the inspection with normal thermostat controls. Recommend evaluation and repairs.
(7) Electrical: Service entry electrical mask is bent and leaning at the roof. Recommend having electrician evaluate for repairs if needed.
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