THIS IS AN INCOME INVESTMENT PROPERTY FOR SALE. Asking $55,000. Same responsible CMHA tenant loves this home and has been here since April 2004 and wishes to stay. They have never missed a payment and have always been on time. I purchased this property as a flip in 2000 and it worked out very well as a rental. I did a total rehab in 2000 including new electric and plumbing and a new roof a few years later. A new water tank and front sidewalk was put in about six years ago. The house is aluminum sided and the garage is vinyl sided. The house has always been well maintained and is a true turn key property. I will be turning 65 in January and am looking to liquidate. Here are the numbers: Rent: $790.00 month ($589.00 CMHA) ($201.00 tenant) ($9480.00 year) property tax: $1470.14 year insurance: $547.00 year water/sewer/trash: $57.56 avg month ($690.72 year) ( I have paid this up to now but it can be a tenant expense if desired) net: $6772.14 year (at $55k that is a 12.31% ROI every year with no rent increases) Please call Greg at 440-452-9957 for any questions. I have an 8 to 5 job and this is my work cell phone so if I don't answer, please leave a message and I will return the call asap. Thank you.
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