723 4th Street & 404-408 G Street, Hawthorne NV 89415 Price $45,000 Bedrooms: 3 total (1 per unit) Baths: 1 per unit, 3 total Occupancy: vacant Sq Footage: 800 sqft each Year Built: 1954 Acres: 0.1 acre This 3-unit property is ready for a face lift. The property needs some interior updating. Good bones. See pictures for more details. Repairs/Updates needed: paint, carpet, interior cosmetic updating Call me to visit my house If you are a real estate investor looking to buy and hold this property then below is some analysis: Purchase Price: $45,000 Estimated Repairs to get highest rents: $15,000 Reinstatement Costs: $0 Transfer Tax: $180 Closing Costs (sale): $900 Buyer's initial investment: $61,080 + Monthly Rental Income: $1,500 - Vacancy Reserve: $150 - Monthly Real Estate Taxes: $89 - HOA Fees: $0 - Insurance: $67 - Property Management: $0 - Utilities: $0 - Reserves for Future Repairs: $150 = Net Monthly Operating Income: $1,044 Your Annual cash return: 20.5% Call me to visit my house
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