This is a fully renovated 3 bedroom, 1.5 bath, 1080 sq. ft. property. It has carpet/ceramic tiled floors, fenced backyard, and an enclosed glass sun room (new square footage not noted in tax records ~300 sq. ft.). Section 8 tenant in the property with a monthly rent of $677 with a pending increase request to $702. Property is in great condition with no repairs needed. There's an upside potential on rent with the market rent close to $800 (per rentometer).Rent: $677/month = $8,124Tax: $900 (estimated)Insurance: $500 (estimated)Net Income: $6,724Net CAP: $6,724/55,000 = 12%Looking for a cash buyer who can close within 2 weeks or less. Please do not disturb the tenant.
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