Description

Perfect 1031 Tax Exchange. R-2U home on Shamrock next to Scott Stadium. This 5BR 3BA property and 128 Shamrock Road need to be sold at the same time. Total price is $1.6M. Price is based on current rental and future expansion. 126 Shamrock has a 1BR 1BA cottage in the backyard, and 128 Shamrock has a 1BR 1BA loft apartment. Combined current rental income at this time = $65,100/yr. Beginning in July, rental income will be $6,150/month = $73800/yr. Cap Rate (Cash Purchase) = approximately a 4% ROI. With the new zoning in discussion, both 126 and 128 Shamrock are considered "High Density." Multiple units could potentially be built on this land. Property is Sold "as is".