Incoming producing home AUCTION

This home is selling via online auction and the price posted is the tax value. The price may change as the auction nears the end on Nov. 6th. The only place to bid on this home is the south auction web site. INVESTMENT OPPORTUNITY! This home has 6 bedrooms and 2.5 bathrooms. The owner currently has 5 tenants that each pay $120 per week. These tenants are on a month-to-month lease. This home serves as a landing pad for a local addiction center. When participants graduate from the program, they are often looking for a new start and do not want to return to their former home. One of the occupants has been a very long-term tenant and he handles payment collection and ensures the home is kept clean. The number of tenants fluctuates with as many as 7 renting at one time. The average over the last 12 months has been 5 tenants occupying this home. The purchaser will be responsible for getting the leases signed. Water and power bills are paid by the owner. The power bill is normally around $400 per month and the water bill is $75 per month.