Amazing investment opportunity in a great neighborhood! This completely renovated MULTI-UNIT consists of a SINGLE HOUSE, a DUPLEX and an oversized 2-CAR GARAGE with plenty of well-lit driveway parking for tenants with commercial LED pole light on huge .56 acre lot! All units were COMPLETELY RENOVATED in 2016. The single house is currently vacant offering the opportunity to owner occupy and have tenants pay mortgage! This property has had 100% occupancy since 2016 and is always easy to rent, attracting large numbers of applicants! Net rents are $48,550. Offering a 8% Cap Rate!2016 DUPLEX renovations include: New main water line, new roof, new stucco, 2 new panels with all Romex wiring, 2 new water heaters, all new stainless appliances, new kitchen cabinets, new granite counter tops, 2 newly renovated bathrooms, new recessed lighting & ceiling fans in every room. 1st floor has 2 large bedrooms, new vinyl flooring, 2 covered patios, and is 900 sf. 2nd floor has 3 bedrooms with vaulted ceilings, lots of natural light & windows, refinished original yellow pine hardwood floors, in-unit W/D, large deck, and is 900 sf.2016 SINGLE HOUSE renovations include: Newly upgraded 200 amp service, new panel with all Romex wiring, new water heater, new recessed lighting and ceiling fans in every room, new vinyl flooring, all new stainless appliances, new kitchen cabinets, new counter tops, newly renovated bathrooms, 1 covered patio and 1 rear enclosed patio. The main floor has a spacious kitchen (12 x 10), living room (16 x 16), two bedrooms (master 17 x 12) and (11 x 9), a full renovated bath, and pull-down stairs to the attic for great storage. The basement offers two finished areas - the main area is 18 x 16 - and there is a 9 x 9 bonus room, as well as a utility area and laundry room (2 sets of washers & dryers included). TWO-CAR GARAGE has new fluorescent lighting and a huge attic for storage or possible future 2nd story addition. 900 sf. Gross rents are $55,440 - 6,890 (taxes and insurance) = $48,550/600,000 8.1% Cap Rate.
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