Great investment property for the beginning investor or one who is looking to expand their portfolio. Property generates $2,685 gross rent per month with current rents that are under market rate. That's over $32,000 per year gross profit! Property is a duplex and a single family home deeded together with one tax number but could be divided into two properties. Zoned light industrial so property could legally be used for business purposes. Located a half block from train so very convenient. Comes with off street parking. Tenants pay for electricity and gas. Landlord pays for water, sewer and municipal trash pickup. Front building is a 3 story duplex. First floor unit is a one bedroom apartment with an enclosed porch, living room, dining room, bedroom and kitchen. Unit was renovated in 2017. Second floor unit has 2 bedrooms with an enclosed porch, living room, dining room, bedroom and kitchen on the second floor. Third floor is a large bedroom. This unit has a washer dryer hookup. Unit was renovated 2017. Heater 1 is in good condition and the second heater was replaced October 2017. Water heater 1 was replaced March 2019. Rear building is a 3 bedroom house with one bedroom on the first floor and 2 bedroom and full bath on the second floor. The kitchen is all new with brand new cabinets and appliances never used. House has enclosed porch area and an unfinished basement with washer dryer hookup. New furnace and water heater installed February 2019. New water supply line from street installed 2014. New sewer line November 2017. Property being sold As-Is.
Cable TV, Electric Available, Natural Gas Available, Sewer Available
Oven/Range-Gas, Refrigerator, Water Heater
Simple Choice Realty, Inc..
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Listing information last updated on July 22nd, 2019 at 12:03am CDT.