Subject-To
Take Over Existing Mortgage — Single Family in Danville, VA
700 Main St, Danville, VA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeApartment
Units71
Living area37,128 sqft
Lot1.8 acres
Year built1953
About this deal
Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Danville, VA. Take over the existing mortgage payments and acquire the deed for $130,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.
The numbers
- Cap rate
- 5.8%
- Net operating income
- $13,056/yr
- Cash flow
- +$1,088/mo
- Occupancy
- 71 of 71 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.