This investment property features a great section 8 tenant with rent that is $1175/month that will be raised to $1291/month starting September 1, 2024. The section 8 agency pays the whole amount, and the tenant has no self pay portion. The tenant has already renewed his lease that will not end until Sep 1, 2025. He is a wonderful tenant. The return on this investment is approximately 19% without worrying if your tenant will pay because the organization directly deposits money into your account on the 1st of every month. You can't beat that! Updates in the condo include: updated kitchen, new light fixures throughout whole house, ceiling fans in every room, unit A/C and portable A/C, refinished harwood floors, new furnace and HWT, as well as new stove and refrigerator all of which belong to owner. Furthermore, this condo complex is very safe with cameras on site and fence to enter as well as a secured parking lot only accessible to members of the condo complex.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
