3506 Oak Court

Selling this with tenant in place. $120 annual ground rent. No HOA. Property is tenant-occupied under a long-term lease. Current lease provides stable rental income through January 2027. They pay $1,402 a month. They are responsible for water and sewer. This property is Lead Free. This is a well-kept 2 bed, 1.5 ba townhouse. New sewer and water (2025/2026). New half bath in basement, which has room to become a full bath. The full basement allows for the addition of a full legal bedroom and still has plenty of space. Refrigerator, stove, dishwasher, microwave, washer, and dryer included. Roof, gas furnace, and central air conditioning are all about 13 years old. I have kept up this property. If something needed repair or replacement, it was done. ------- I am retiring and ONLY offering my 3-property portfolio (I will sell individually too), tenant-occupied with existing leases in place. This doesnt preclude you from raising the rent at lease end or not renewing their lease. Although its not a must-sell situation, if I dont have a contract by January 31st, I will pull them off the market and sell them retail; located in established residential neighborhoods. So let me consider all offers before then. ======= The property has demonstrated consistent rental performance, so even though they are not vacant, its time to dump these properties. If I dont sell now, I will withdraw, renovate, and sell retail this year or next. Im not an out-of-state owner, and I am a motivated seller, but Im not a desperate seller. I feel my portfolio is priced to sell. Existing leases may be transferred to the new owner. Im willing to offer a tour and share my profit and loss, rent roll, and CapEx roll with you if you qualify. I would love a quick close or a fast close, but it doesnt have to be cash only. Youll see they are not distressed after you review the videos. Please bring all offers; these properties are being sold as is. The most significant value add is that you will have cash flow from day one. I am not in foreclosure, and they are not bank-owned or REO. No short sale paperwork to deal with. I want to sell these before any estate sale or before they get caught up in a probate sale. Some of the properties possibly need work, but I wouldnt call any a fixer-upper. There is nothing you would have to do to get them rented, because they are already rented. I have a handyman who does great work, and I will be glad to give you his name at closing for your handyman specials. There is a renovation opportunity when these tenants move out, more like cosmetic updates. These are far from untouched and offer an equity opportunity with great bones and upside. Some have new roofs, new HVAC, and new appliances. As a landlord, I was quick to resolve issues and repair or replace as needed, so I dont feel any need TLC. They arent a blank canvas or even in original condition. Using the income approach, you will see a real discount to valuation. This is offered below market value, and I think it has an attractive price point. Im sorry, I cant offer owner financing or have the seller carry any of the paper. Ideal for income-focused buyers seeking immediate cash flow. This cant be sold as a lease option or subject-to. I think they are being offered at a fair price, even underpriced. I have been honest with my tenants and with you. Ive been doing this since 1987. Check out the rest of my portfolio. Additional photos available upon request.