Property Description:
- (UPDATE) Property recently approved/confirmed by City Zoning for 3 addresses with 3 individual electric panels
- Priced to Move!!!
- This is a rehab with HUGE profit/rental income opportunity!!!
- Copy and paste below link into your web browser to access property google drive, which includes a diagram of the current layout of the property and photo walkthrough of the interior. drive.google.com/drive/folders/195IrZUfcEjW_JOGrKP5uHgM8ZpUhzPFk?usp=share_link
- $4,200/$50,400 potential gross monthly/annual rent (Based on area rents ($1200) for two bedroom units)
Summary_______________________
Purchase Price $130,000
Repair Costs (est.) $200,000
After Repair Value $489,000
General Info_______________________
- The lower level front rooms can be redesigned to provide two off-street parking garage spots. (Property features tons of space for the designing eye!!!)
- Property has two addresses, two electrical panels/meters, and two gas meters. However, the legal description of the property identifies the property as a triplex.
- Currently framed as a triplex with two upper units and one lower unit.
- Upper units mirror one another and have two bedrooms and one bath.
- Lower unit has two bedrooms and two baths.
- Each unit has plumbing for kitchen and wash rooms.
- The lower level is gutted. The left upper unit has plaster walls. The right upper unit has wood paneling.
- No central air and heating (previously utilized window units).
- Plumbing/gas is intact. Requires total eletrical wiring. Upper units' wood flooring in good condition.
- Structure is not raised and is on a slab.
* * * Property Has a Lockbox * * * Visits Available Upon Request * * *