Very nice & *PURE* 3/1 turnkey no-brainer.
CAP as it sits today = 17%; over 31% if you collect just $875 in the future 👍
Looking at making investment $$ back in 3 years min., 6 years max.
Photos will easily show the respect & cleanliness of the tenants.
Sufficiently updated, good-looking property in/out for sure, not limited to kitchen, bath, electric, plumbing, exterior .. a very good one here!
Low taxes ($1,043.97) won’t go up as it was assessed at the asking price. They will actually go down a bit, perhaps into the 3-digits!
**tenants supposed to depart in December, 2020, however we might be able to encourage them to stay if preferred! They’ve been there for 10 years +pay ALL utilities!
Lots of stuff & transit around. Can even walk to some schools / shopping / bars / restaurants / coffee / church. Quite the decent street w/a view:
- some updated windows
- usable attic space
- formal dining room
- nicely landscaped
- parking in rear
- covered front porch+rear deck
- walk-out basement with natural light
Can *kind-of* be considered on a corner lot since the 2 lots to its side are Vacant Commercial Land. Other side also separates property as a vacant lot so it’s more private than expected for the area.
- Taxes: $1,044
- Electric: Updated
- Plumbing: Updated
- Kitchen: Good
- Bath: Good
- Roof: 15 yrs old
- Furnace: 40 yrs old
- Hot Water Tank: 12 yrs old
- Windows: Mixed
- Floors: 2
- Parking: Off-street (gravel pad)
- Rental Income: $575/mo