Side-by-Side DX that sits nice & high off the pleasant street.
Each half pays $650/month + utilities (*minus water) = 15% CAP immediately.
**update 03/2020: #111 just vacated – can likely collect higher rent after post-tenant clean-out
BONUSES:
- Separate covered front porches
- Intact & unique original woodwork – dark beams patterned on the high ceilings
- Beautiful ornamented brick fireplaces
- Built circa 1915
- Open breakfast bars between the DRs & kitchens
- Walkable! Surprising how much is nearby; like a little city.
Easy, sustainable $$$ in an emerging town – no-brainer buy-&-hold 👌
*for current value & ARV (comps to $133k):
Here are several duplexes ON or neighboring N. 5th Street: CLICK
- Taxes: $1,927
- Electric: Updated
- Plumbing: Needs some updating
- Kitchen: (Both) Newer flooring
- Bath: (Both) Newer flooring
- Roof: 12 yrs old
- Furnace: (2) Boilers; good condition
- Hot Water Tank: (Both) 6 yrs old
- Windows: Double-paned
- (2) 2 BR / 1 BA
- Floors: 2
- Parking: On-street (plenty)
- Rental Income: #109: $650/mo; #111: vacant
- Rental Potential: $1,300/mo+