Professional Appraisal completed June 2024 @ $165,000. Beautiful Revenue producing Duplex Home on Historic South Main Street with incredible rental income average of $2,000/mo. 401 and 403 South Main St is located on a big corner lot located directly across the street from the Historic Drew County Museum and the Historic Old Coke Plant. Each unit has two bedrooms and one bath, lofty ceilings, and hardwood floors with approximately 1,150 SQ FT each. The open floor plans and large windows provide incredible natural lighting throughout all the spacious rooms. The property was updated in 2017 and a new roof was installed in 2022. The yard has a healthy St Augustine lawn, and the front flower beds are bursting with wildflowers during the seasons. The rear of the house offers plenty of onsite parking. The pier and beam foundation gives you 3-4 FT clearances for complete and easy access to under the house. Both units have a low heating and cooling cost. A grocery store is ½ a block away and the Town Square is 3 blocks away. Facts: Average rental income month per $ 2,000.00 The only Multi Family home for sale in Monticello Best location available: Downtown Monticello Low heating and cooling cost: AV Utilities per month per unit: ELEC $95 GAS $ 35 Water/ Trash $ 40 New Roof 2022 Current taramite contract 403: Is our part time home and a Five Star Airbnb and other short-term rental. This unit generates income of between $1,200 and $2,300 a month when listed. This unit is fully furnished in beautiful Mid-Century décor throughout with new high-end mattresses. The sale price includes all the furniture and most furnishings so you can move in or continue to rent. This gives you immediate flexibility as to your options on this unit. 401: Rented to same person for the past 6 years. The lease is month to month with 60-day Notice to Vacate by Owner. This gives you immediate flexibility as to your options on this unit. Current tenant pays all utilities for 401. Each unit has a refrigerator, stove, and washer and dryer. Please see the Airbnb link below and please see our customer reviews on 403 Cozy Cottage on Main Street! - Houses for Rent in Monticello, Arkansas, United States - Airbnb
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