Property Details:

Description:

4 year old 4-plex brick townhouse in Kentucky, near Louisville (and Fort Knox). The ongoing financial situation is forcing us to sell it. It is currently 100% rented, but the rents are lower than they should be (around $600 per unit) because all of the people who would be living in this town (Radcliff) are fighting in Iraq (Armored Division out of Fort Knox). The military pays the rent for soldiers and their families if the building is less than 10 years old (All the 4 plexes on the street were meant for large military housing needs that should be creating a favorable environment for owners).

Im looking to dump it for $375K,

The ideal buyer is a real estate investor that can wait out the current low numbers of soldiers needing housing, is looking for a steady rental opportunity and could write off the depreciation against rents. The property management office handles all the paperwork and takes their piece of the pie when the units are rented, so they are motivated and advertise and actively seek military renters.

This property's direct website address: www.HomesByOwner.com/34884