Description
Excellent CAP rate! See Profit and Loss math below. High income producing property with extremely low bills & great POSITIVE cash-flow with a front and rear yard, rear parking, private entrances and more. the front entrance leads to the 2nd floor unit that features a large kitchen, two bedrooms and a full bath with a third bedroom on the 3rd floor. Around the side you will find the entrance to the 1st floor unit. This unit has been updated and features a small living room followed by two bedrooms, kitchen, tile bathroom and access to the walkout basement. Very low maintenance w/great on-time paying tenants in place. Rent income potentially produces $2,800+ positive cash-flow per month or $24K+ per year after all expenses! ALL utilities separated. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer ($1,920/year), Common Lights ($60/year), Insurance ($800/year) & Taxes ($6121/year). Unit 1 (3BR) $1,500/mo ($18,000/year). Unit 2 (2BR) $1,300/mo ($15,600/year). P&L Math: Rents:1,500+1,300=$2,800 per month gross income. $2,800x12 (months) = $33,600 -$2,780 (Water/Sewer/Common Lights) -$800 (Insurance) -$6,121 Taxes = $23,899 positive cash flow.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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2,521SQFT
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$75$/SQFT
School Information
Description
Excellent CAP rate! See Profit and Loss math below. High income producing property with extremely low bills & great POSITIVE cash-flow with a front and rear yard, rear parking, private entrances and more. the front entrance leads to the 2nd floor unit that features a large kitchen, two bedrooms and a full bath with a third bedroom on the 3rd floor. Around the side you will find the entrance to the 1st floor unit. This unit has been updated and features a small living room followed by two bedrooms, kitchen, tile bathroom and access to the walkout basement. Very low maintenance w/great on-time paying tenants in place. Rent income potentially produces $2,800+ positive cash-flow per month or $24K+ per year after all expenses! ALL utilities separated. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer ($1,920/year), Common Lights ($60/year), Insurance ($800/year) & Taxes ($6121/year). Unit 1 (3BR) $1,500/mo ($18,000/year). Unit 2 (2BR) $1,300/mo ($15,600/year). P&L Math: Rents:1,500+1,300=$2,800 per month gross income. $2,800x12 (months) = $33,600 -$2,780 (Water/Sewer/Common Lights) -$800 (Insurance) -$6,121 Taxes = $23,899 positive cash flow.
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