This is a triple unit which generates a monthly gross income of $1905 with expenses averaging $550-$600 monthly. $1300 profit average a month. The units have current 100% compliance with the rental inspections done this year. The house has new windows and freshly painted units. The exterior has also been freshly painted in the last couple of years. There is a front porch and an enclosed back porch and stairs leading to enclosed upper deck with the two bedroom unit upstairs. Tenant parking is on the side driveway area and back of the house. There are two one bedroom units down stairs ($550) ($635) and the entire upstairs unit which is 1034 sq. ft. ($750) monthly rents. All units are rented at this time. All utilities are included in the monthly rental amounts. In the basement which is a shared area for all tenants there are two washer and dryer hook ups. These can be attached to a lease agreement for two tenants or the owner could put in one or two coin operated w/d units. This is always very attractive to prospective tenants. The owners Mark and Rita have invested in an extensive appraisal done by Cooper Nesbitt Appraisal Inc. that you would be able to examine if you are interested in the property. The appraisal has the property valued at $75,000. The owners, Mark and Rita, are long time members of the Port Huron Area Landlord Association and would be happy to assist anyone interested in becoming new investors.
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