5042 Flint

Description

Huge 2,250+ feet on almost 5 acres. (Duplex setup currently) It's set up currently as a duplex with 2 full kitchens, with each side having a 3/1setup. This is one of the least expensive homes per foot in the region!!! 7% +projected CAP rate when both sides are rented out. Huge rear enclosed back porch included( 456 feet) Newer trim and some new flooring/carpet and upgrades. A detached garage has been started for future value (unfinished pole barn). Live on one side and rent the other? Or just open it up and have a huge mesa 2000+ foot home ranch. RENT: most likely $1,200+ each side for $2,400 a month in income. Tri-county water, DMEA power, propane. No real HOA and no real covenants.( only 3-4small items for covenants) Low taxes under $700. Delta county has No building codes, so you can add another home behind t his one or apartment or ADU or multiple shops!! THIS HOME WILL MOST LIKELY NEED A LOCAL CREDIT UNION AS IT'S AN OLDER MOBILE THATHAS BEEN PURGED. 20% + DOWN WILL BE NEEDED FOR MOST OF THE LOANS ON THIS TYPE OF INVESTMENT. (normal loan brokers or big banks don't like to lend on mobiles or purged homes) Newer fencing, New paint. There are TWO Forced air furnaces, one foreach side via propane One propane hot water heater No irrigation water (just normal yard and drinking water) note :currently vacant, tenants just moved out.