Ultra-simple brick rental for absolutely any investor – dark, refinished wood floors & accents, brick fireplace, curb appeal. Recently vacant; was $750/mo. Put a lot of money into the property in the past 5 years, and it shows.
2 FULL baths! Central heat. GARAGE, covered concrete porch in front, central heat, newer roof, furnace, H2O tank, and remodels of baths & kitchen.
Cap rate as-is = 21%; put a couple thousand into it (front steps need help), rent @full value, and cap upwards of 26%. Needs very little – solid place!
- Taxes: $919
- Electric: Updated
- Plumbing: Updated
- Kitchen: Nicely updated; needs cleaning
- Bath: (Both) Recently updated
- Roof: 5 yrs old
- Furnace: <1 yr old
- Hot Water Tank: 3 yrs old
- Windows: Original
- Floors: 2
- Parking: Off-street
- Rental Potential: $945/mo