A good positive cash flow property with two houses on the one lot. The front house has a smaller kitchen, one bedroom, a living room and one full bath. It suffered minor damage from a fire but has some smoke damage. The rent for this one should be $600+ per month when repaired. The rear house has a generous sized kitchen, one bath and a bed/sittinng room on a full basement rent should be $400 per month. The single car detached garage sits between the two houses and could be rented to either tenant or third party for $100 per month.Both houses are suitable for housing assistance and would be able to accommodate a single person or a couple each. Could also be an opportunity to occupy one house and generate rental income from the other. With a potential rental income of $1100+ per month this property allows an excellent return on a very modest investment. To generate this kind of rent usually requires buying a single family at around four times the price.
Listing courtesy of Regional Inspections.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified