2 UNIT INVESTMENT PROPERTY. Student rental ready. Just renovated and fully furnished! Now showing for the 23-24 school year! 16.59% Cap Rate POTENTIAL GROSS INCOME = $63,000 EXPENSES = $13,217 Land & School Taxes = $5,717 Insurance = $1,500 Heat/Electric = $3,500 Cable/Internet = $1,200 Garbage = $500 Water/Sewer = $800 POTENTIAL NET OPERATING INCOME = $49,782 Large fully furnished duplex offers 3 bedrooms in Apt. 1 and 4 bedrooms in Apartment 2. Amenities include laundry in each unit, vinyl siding, newly painted, electrical upgrades and brand new vinyl plank floors throughout. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has an eat-in kitchen with a table and chairs. Each spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! Apt. 1 has one bedroom downstairs, two bedrooms, laundry and two full bathrooms upstairs. Apt. 2 has one bedroom and a full bathroom downstairs. Upstairs there are three bedrooms, laundry, and a full bathroom. Certificate of Compliance in place. Seller is a licensed real estate broker. Nice Cash Cow!
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
