Investor Special with Huge Value-Add Potential! This unique property offers an incredible opportunity for investors looking to maximize cash flow and build equity. Featuring a 3-bedroom, 2-bathroom main home and a separate 1-bedroom, 1-bathroom backhouse, this property provides the flexibility for dual rental income, multigenerational living, or an owner-occupant looking to offset their mortgage with rental revenue. The front home was previously rented for $1,200 per month, while the recently renovated backhouse generates $625 per month in rental income. The lease expires on 5/31/2027. The backhouse has already received updates, providing added appeal and reducing near-term maintenance concerns. While the property could benefit from some TLC and cosmetic improvements, it presents a huge value-add opportunity for an investor to increase rents, improve equity, and unlock its full income-producing potential. Whether you're looking for your next fix-and-hold investment, a house-hacking opportunity, or a project with strong upside, this property offers excellent income potential and multiple paths to create value. Opportunities like this don't come around often--bring your vision and capitalize on the possibilities.
53 days
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232
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36
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Zillow last checked:
Listing updated:
Listed by:
Michael NorsworthyTREC #0799136214-709-3095,
eXp Realty LLC
Source: LBMLS,MLS#: 202608887
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Heating
Central, Natural Gas
Cooling
Central Air, Electric
Features
Ceiling Fan(s)
Has fireplace: No
Interior area
Total structure area: 2,430
Total interior livable area: 2,430 sqft
Finished area above ground: 2,430
Property
Parking
Parking features: Driveway
Has uncovered spaces: Yes
Features
Exterior features: None
Lot
Size: 10,454 Square Feet
Details
Parcel number: R84326
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence, Residential