PACKAGE OF NINETEEN SINGLE FAMILY HOMES ,SECTION 8,GUARANTEED INCOME all but one. Owner will not split 19 homes package. Owner wants his asking price, firm. Monthly current income $17,300.00 a month actual, Section 8 rents now will allow $20,700 a month. Owner has not raised rents for years, he preferred keeping his tenants, many are long time tenants, some in place 18,19, years. Current RRHA & VRC SECTION 8 rents yearly owner collects: $207,600.00. The rents can be raised to $248,400.00 as per Section 8 current allowances: 4 Bedroom $1300.00 a month, 3 beds $1100.00 a month, 2 beds $900.00 a month. There are 5 FOUR bedroom homes, 8 THREE bedroom homes & 6 TWO bedroom homes. Rents could easily be raised to bring in $20,700.00 per month. See attached exhibits for further pictures , addresses, and information. All homes are maintenance free, brick or vinyl, roofs range from 1 to 15 yrs old, all PVC plumbing was added in all homes, all replacement windows added, all homes have central air & heat. Owner collects any rent difference owed by tenants after Sec 8 payments at the beginning of month. Average tenant contributions run approx 200 dollars month. See attachments.
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