This 2 bed, 1 bath property is an ideal investment for someone looking for a house that doesn't need much work! It has 2 large bedrooms and a nice size living room, with a massive 2 car garage, and additional space to spare! The kitchen needs work, but at this price, it can be done with minimal investment and create a return worth your while! House was recently stucco-ed and has a new (3-5 year old) hot water heater. The lot is currently zoned for a two unit structure, and the neighbor has recently added on to their house creating a duplex, which could be done on this lot as well, giving you flexibility in your investment. House is currently rented for $650 a month, but market price appears to be $750-$950. At $850 per month you can expect a cash on cash return of roughly 9.1%. Other realtor marketed properties in the area are flying off the shelve's fast! Multiple homes similar in size and square footage have sold in less than 10 days for $140,000-$160,000!Don't wait, this house will go fast! CASH BUYERS PREFERRED.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
