Great Investment property. Two separate houses on one parcel. 3/2 and 2/1 Both in a great condition may need some TLC due to tenants just moved out. The front house is vacant the back house is under lease ending at the end of August, then month to month( The tenants are interested to stay). You can buy for rent or live in one and rent the other. Each house has it's own utility & power meters. Please call for showing. the back house is occupied, please do not disturb the tenants. Expected net Cap rate 8.5% or more. Estimated market value rent fee $1050.00 a month for the smaller unit in the back and $1350.00 to the front unit Total $2400.00 a month, Expensess: 8% management fee. taxes $3630.00 a year. Insurance about $1500 a year Gross income $28,800.00 Net $21,366.00 8.5% net Caprate.
Listing courtesy of COZZA INVESTMENT GROUP.
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