And hopefully a little more…
I’m already ducking tomatos for using the same bad pun twice in one week.
But here are a couple properties currently on the market that look as if they would produce an income right out of the box.
- $250,000 for a very unusual four plex…Listed with Charlene Moss at Prudential Vista Real Estate.
- $189,900 for a 1,952 square foot duplex with a garage. Listed with Larry Ficek at RE/MAX of Wasilla
It’s easy to make a case for these multi-family units to actually produce a monthly income. If you would like to see any of them, give me a call on my cell, (232–7900). I would love to show them to you.
Some people make a distinction between investment property and income property. In this distinction investment property isn’t expected to pay off until it eventually sells, when the appreciation hopefully exceeds the purchase price and holding costs.
Income property actually begins to pay for itself immediately and if it is maintained properly usually appreciates as well. It seems to me that if one is investing in real estate it would be a good idea to purchase something that pays for itself.
