Investors, this one's for you! This brick bungalow offers 1050 sf of living space with 2 bedrooms, 1 bathroom, living room, true dining room, kitchen, bath, full basement, and off-street parking. Inspections are welcome for your knowledge, but the sale is as-is with seller to do no repairs. The roof is brand new, with warranty! The property is newly rented (April 1) at $1125. Using that figure, gross annual income would be 13,500. Seller's annual taxes, insurance, and sewer expenses total 2,989; with a pro forma $500 for maintenance, that's an NOI of 10,551, which is a 12.67% cap rate at asking price. Have a look, make your offer, and let the cash flow begin.
| Room | Dimensions (sq.rt) |
|---|---|
| Living Room (Level-N/A) | N/A |
| Dining Room (Level-N/A) | N/A |
| Bedroom (Level-N/A) | N/A |
| Bedroom 2 (Level-N/A) | N/A |
| Kitchen (Level-N/A) | N/A |
| Bathroom (Level-N/A) | N/A |
Listing Courtesy of Worth Clark Realty - [email protected]