$139,900 Cash Price! Buy It Now Price Of $141,900 cancels showing.
Occupied Appointment Only! Do not disturb current tenants! Call, text or email to see
· Attractive all brick ranch w/ 2 – carport that was originally built in 1961. House is currently configured with 6 sleeping rooms upstairs with 2 full bathrooms with a complete apartment with a full bath in the bsmt. In reality this would be a 4/3 house. Upstairs has 2596′ of living space with another 800′ finished in the bsmt.
· Every room has is currently rented out except for the “sunroom” bedroom. I did notice some minor deferred maintenance but nothing significant. Recommend doing a few simple items just to keep tenants happy.
· Current tax value of $181,300 with annual tax payment of $2,940 per year. Net ROI as currently set up:
Gross Annual Rents = $36,884
Taxes = $2940
Insurance = $1000
Utilities incl. elec., gas, water, trash and cable = $9400
Net Annual Rents = $23,544 / $141,900 purchase = 16.6% net ROI
