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.
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.
