Make money back in 5 years max w/a cap rate between 19% & 23% after 1-2 updates only.
OR make it extra-nice & flip it for a potential $70k++ profit.
- Recently vacant
- GARAGE
- Lovely yards & neighboring houses
- Central heat
- Comps over $150k all day
- Just needs cosmetics
- Rental capacity $1,275 minimum
This tiny house sold for $125k: 1020 Elwell Street
These sales are all within 1/5 of a mile; several on the same street:click
*BonusA: $962 taxes w/an assessment OvEr asking price ($60,500)
*BonusB: hardwood
*BonusC: walk-out basement
- Taxes: $962
- Electric: Updated
- Plumbing: Updated
- Kitchen: Sufficient
- Bath: OK
- Roof: OK
- Furnace: ≈5 yrs old
- Hot Water Tank:≈5 yrs old
- Windows: Double-paned; ≈10 yrs old
- Floors: 2
- Parking: 1-car attached garage
- Rental Potential: $1,275+/mo