Great Investment Property! Beautiful Brick 3 Suiter. Very Large Home w/spacious rooms. Hardwood Floors. Third Floor Is Partially Finished Would Make Excellent 2 Bedroom Suite. Let your renters help pay your mortgage. Buy it today! 1st Floor is rented @ $575/mo, Tenant has been there for 1yr and just renewed the lease.2nd floor is rented 575/mo, Tenants been there for 3mo. with 9 mo. left on lease.Property has separate Newer Furnace and Newer Hot Water Heater for each unit.Income(Yearly)13,800.00 Unit 1-1st Floor575.00 Unit 2-2nd Floor575.00 Property Taxes1,292.00 Insurance545.00. Water1,050.00 10 %Vacancies1,380.00 Property Mgnt1,380.00 Net (Yearly)8,843.00 CAP RATE= 32%Finish the 3rd floor unit and increase your income by $6k/yr and the cap rate to 35%.Cash Buyers Only
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