Turnkey Investment Opportunity (Quadplex)– Profitable Airbnb Property with High-Security Features & Modern Amenities This high-performing multi-unit property is already generating $4,800 per month through short-term rentals, with two studios potential $900-$1,100 each, a one-bedroom ranges $1,000-1,200, and a two-bedroom ranging $1200- $1,400. It’s the perfect opportunity for investors seeking immediate income with long-term growth potential. The building offers a flexible layout, with 2 units per floor and a unique third-floor configuration that can either remain as individual apartment (5th unit) or as a spacious double-level owner’s suite or luxury rental. A full camera system, building-wide fire alarm and sprinkler system, and key fob access provide peace of mind for residents. Every door inside and out is equipped with Sifely programmable smart locks, offering keyless entry and remote management. This system can easily be transferred. On-site commercial laundry, featuring Maytag machines connected to a cashless PayRange system. Like the smart lock system, the laundry setup is fully transferable and ready to start generating additional revenue immediately. Currently operating successfully as an Airbnb, the property is also ideally suited for traditional leases, senior living, transitional housing, or other residential service models. Zoned for quadplex use, it offers a rare mix of flexibility, modern convenience, and consistent cash flow. Property bing Sold As-IS. All offers welcome. Schedule your showing today and step into a property that pays from day one.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
