A great investment opportunity, the ever rare, house with apartment up for sale. The front house is a 2/1 with attached laundry. Approx 800 sqft, central air/heat, laminate floors, and double pane windows. The apartment is a 1/1, approx 400 sqft, central air/heat, with storage. Both units have happy renters for over 7+ years now. Total gross is $10,000 a year, minus; tax/ins. at $1800/y, water bill at $1200/y, and repair/maintenance at 10%/y (average figures), leaves an average net of $6000 a year, and ROI of over 7% on this property. (5% vacancy rate is a standard deduction, but this property has had less than 1% vacancy in 25 years). All this, and the back 1/2 (.25 acre) is still undeveloped.
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