Good Saturday Morning:
I have received some emails from friends asking that I would occasionally post a listing on the blog that represents a great buy. I have a perfect example of the type of "good investments" that are out there in the market.
The featured property is an 8 unit, mixed use property in downtown Marysville (approximately 45 minutes north of Sacramento). The unit features 4 residential units upstairs and 4 commercial/professional units downstairs. The property is walking distance to a lot of the city/county offices. Some of the particulars are: approximately 8000 square feet of rent able space, the residential units are two bedrooms and one bath, the roof has been recently replaced, the stairways have been replaced, the commercial - professional space have a bathroom. The property is listed for sale for $259,900! Yes, only $259,900! What's even more enticing is the fact that the owner is willing to carry a second note for the buyer.
The reason why the owner is selling is: He is tried of being a landlord and wants to focus on being grandparents. The property should be purchased by a "hands on" person. If someone invests the time and energy into this property, the rewards would be tremendous. You would have 8 units generating income! A good downtown location is great for access to transportation, services, and exposure.
If you have any questions, please let me know. There are some interested parties looking at this great investment currently, but is still available! I'll keep everyone informed!
It's August 22, 2009 and I am bullish on Sacramento
David Ohara
@dwo34
dwo34@aol.com
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