This is a great investment opportunity to do a basic rehab and pick up a good rental house for your portfolio. ?The house is solid & the price is right! ? CONDITION & WORK This is a basic 2BR city house with a few bonuses. The house features a 1st floor laundry room and a 2-car garage w/ a room above. ?The place was in the process of being renovated in 2010. At that time the main roof, windows, electrical service, and furnace were replaced. It was drywall ready when the owner fell on hard times. ?Current condition is in need of wiring, water piping, some drywall, and replacing the lower roof. Then it is ready for finishes. The garage could also be cleaned up and used with the house or as a separate rental income. Garage is solid but in unrenovated condition. FINANCIALS ?Rentometer.com lists average rents for 2BR in the area at $647. You could likely get a bit of a premium with a freshly renovated house. ?The garage could rent for another $80+ per month depending on what you did to it. SELLER FINANCING We are ideally looking for a cash buyer, but we could offer some type of short or long-term financing to the right buyer. If that's what you need, contact us for details.
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