Perfect for first time investors or home buyers! Built in 2004 New condition with a landscaped yard in a beautiful new subdivision.This property is conveniently located just outsideof city limits (3.5 miles from Ferris State University). The neighborhood begandevelopment in 2004 and all of the houses are very new with young to middleaged families. It is an incorporated neighborhood with a very well planneddesign. Wooded forest surround this Riverwoods Subdivision providing safe andscenic streets and paths for walking, biking, and jogging with friends andfamily. This house is positioned on a large corner lot that is beautifullylandscaped with flower beds, an elongated back yard, and a large black berry patchfull of delicious berries to pick in the summer time. Trees surrounding thehouse provide ample privacy. Details:Each unit has 830 square foot of finished livingarea, plus 830 square foot of unfinished cement basement (1660 sq. ft. totalper unit). Each unit has a one-car garage and a one car parking pad besides thedriveway. The living room provides ample room for small gatherings of friendsand family members around the TV or a board game. The kitchen has a large window that provides lots ofsunlight in addition to the recessed overhead lighting which provides generouslighting at night. With an over-range microwave, stove, dishwasher andrefrigerator, this kitchen has all of the utensils to go with plenty of counterspace and full oak cabinets with linoleum wood floor. Each unit has two bedrooms with generous room forbeds and furniture. The closets are large, with double sliding doors and extraclothes racks for closet organization. The bathroom has ceramic tile flooring. Each unit has a large unfinished basement withmulti-use possibilities. This space can be used as an exercise area, a gameroom for kids, storage etc. The washer and dryer are also located in thebasement. This space is also ready to be finished and made into more bedroomsor a bathroom, and/or another living area. The utilities are completely separateincluding electric, propane, cable, telephone, and internet. Each unit also hasa separate septic system. Investment:From an investment perspective, this duplex has anexcellent record. It has required zero to no maintenance, and consistentlybrings in a rental income of $800 or more per unit (that means a gross incomeof $1600 per month or more). In a college town, finding renters has never beencomplicated. Our lease records show that the duplex has never been vacant formore than two days over the last three years. We collect a large damagedeposit; and as a result, all tenants have kept the property in excellentcondition.Annual Expenses: $734 insurance $150maintenance $2,866 taxes (year 2010)Annual Income: $19,200 ($800 per unit =$1,600/ month x 12 months)Netincome: $15,450 For a video tour please visit: http://www.youtube.com/watch?v=017vU8y_fBEAdditional property info: http://www.forsalebyowner.com/listing/8D0A1?provider_id=28079
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