Property Description:
Give a Christmas present to yourself & pick up another rental for your portfolio!
This historic 2-family already has one paying tenant & with a quick rehab to the 2nd-floor unit & some exterior repairs, you'll have a fully leased building before the snow melts!
Property Specs:
(1) 1-Bed/1-Bath unit (1st floor - 650 sqft.) - Vacant
(1) 2-Bed/1-Bath (2nd/3rd floor - 1242 sqft.) - Occupied
Units have separate utilities
Current Rent: 1st floor unit $500 (month-to-month)
Market Rent:
1-Bed: $900 - $1,150 (depending on condition)
2-Bed: $1,175 - $1,350 (depending on condition)
Conditions:
Needs new roof (3-tab shingle)
Siding is newer but needs additional work to complete
Original wood windows
Furnaces (no ACs) - both 20+ years old
Water heaters (1) less than 10 years old (1) 10+ years
Dated 100-amp electric panels with a mix of old & new wiring
Copper & CPVC supply lines with mostly PVC drains
Vacant unit needs full renovation
Call or text Tyler for more information at (513) 995-1461