2081 Hanover St, 2 bedroom, 2 Bathroom Charming Single Family house located in College Terrace of Palo Alto. Dining Room, Living Room, Refrigerator, carport, private yard, Shared Laundry on premise. Tenants share the common area utility bill equally. In the owner's request to retain affordable housing in the College Terrace neighborhood of Palo Alto this property is income restricted so you'll need to qualify through the Property Management Company by submitting items such as; pay stubs & bank statements; Here are the guidelines: 1 person, living in the household maximum income $78,350 Rent would be $1,958.75 2 people, living in the household maximum income $84,400 Rent would be $2,109.99 3 people, living in the household maximum income $95,950 Rent would be $2,398.75 4 people, living in the household maximum income $105,500 Rent would be $2,637.50 5 people, living in the household maximum income $113,950 Rent would be $2,848.75 Monthly income x 30% = Monthly rental price. Cross Street: Stanford Ave Terms: Year Lease, Rent $1958.67-2848.75, Deposit equal to one months rent, No Smoking, NO PETS, Available Now. Utilities: Tenant's have their own City of Palo alto residential account. Tenant will be billed the common area bill from WA Krauss that is shared equally between the 3 units. Based on this methodology, and the criteria that WA Krauss uses as our income qualification (gross income needs to be 2.5x the rental amount or the rental amount cannot exceed 30% of their gross income) Qualify Annually. Minimum rental amount is $1500/month.
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