Turn key property: With an impeccable rental history and cash flow numbers, this property will make you money and will be a place you’re proud to own or live in. This house would be perfect for someone who would like an owner occupied property or would be great as a pure investment. The downstairs tenant is moving at the end of July and there is an excellent professional who would like to stay upstairs for another year. A single person, couple or small family could live on the first floor and have 3/4 of their mortgage paid by the upstairs rent. You could even convert the house into a single family home if you wanted to. Here’s a rough estimate of the finances per year: Rent: - $24000 ($1000/unit/month) Taxes: - $3050 Insurance: - $800 Water/Sewer: - $1080 Gas water heater rental: - $294 (I currently lease 2 high quality natural gas hot water heaters.) Net: + $18776 per year Outside: The house sits on a double lot that can be subdivided and sold or developed or simply enjoyed. There is a huge back deck, covered front porch and two balconies for the second floor unit. The yard is fully fenced and has outdoor electrical in place for a pool if desired. There is parking for 4+ cars and an 8 x 10 shed. Both Units: 2BR, 1 Bath, formal dining room with built-ins, living room, large pantry/laundry room, washer and dryers included, HW floors, multiple ceiling fans, modern windows, upgraded insulation, separate access to basement. Utilities: Separate heating, electric and hot water, modern PVC main sewer line. Upstairs: Natural gas for cooking, monitor gas heat, gas HW Downstairs: Electric stove/oven, newer oil-fired forced hot air furnace, gas HW. I'm more than happy to offer 3% of sale price to buyer agents. I'm happy to show the house at any time or you may have your agent walk you through. FMI call Jon at (207) 712-3850.
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