NOTE FOR SALE FOR $37,000 - 4 MULTI-FAMILY FULLY RENTED IN BINGHAMTON
I hold a wraparound 2nd note on a 4 unit multi-family building located at 6 Robert Street, Binghamton, NY 13901 and currently the borrower is late on payment and infrequently making payments when he can. You can purchase the note from me for $37,000, the amount of the 1st note and foreclose on the building or do a deed-in-lieu of foreclosure or if the owner decides to catch-up and pay the monthly obligation, you will get around $1200+/mo. You will get a nice monthly cash flow or foreclose and own the property outright....either way, you win! The property is valued at around $75,000 and After Repair Value is a lot higher.
I hold a wraparound 2nd note on a 4 unit multi-family building located at 6 Robert Street, Binghamton, NY 13901 and currently the borrower is late on payment and infrequently making payments when he can. You can purchase the note from me for $37,000, the amount of the 1st note and foreclose on the building or do a deed-in-lieu of foreclosure or if the owner decides to catch-up and pay the monthly obligation, you will get around $1200+/mo. You will get a nice monthly cash flow or foreclose and own the property outright....either way, you win! The property is valued at around $75,000 and After Repair Value is a lot higher.
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