Patio and porch: Balcony, Deck(s), Patio(s), Roof, Wrap Around
Large 6 Unit 1 acre property, fully rented and ready for its next owner. This farmhouse has 5 happy tenants and one barn rented out for storage. The property itself is zoned Convenience Commercial, which is fundamentally your typical commercial zoning (See zoning description for details). Excellent CAP rate! See Profit and Loss math below. High income producing property w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces $1,900+ positive cash-flow per month or $23K+ per year after all expenses! ALL utilities separated, PUBLIC SEWER AND PRIVATE WELL. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Sewer/Trash/Common Lights/Gas to heat the laundry room ($5,078/year) Insurance ($1,910/year) & Taxes ($6,424/year). Unit 1 (1BR) $500/mo ($6,000/year). Unit 2 (2BR) $700/mo ($8,400/year). Unit 3 (1BR) $600/mo ($7,200/year). Unit 4 $500/mo (1BR) ($6,000/yr). Unit 5 $450/mo (1BR) ($5,400/yr). Unit 6 $300/mo (Storage Barn) ($3,600/yr). P&L Math: Rents:500+700+600+500+450+300 =$3,050 per month gross income. $3,050x12 (months) = $36,600 -$5,078(Sewer/Trash/Common Lights/Gas) -$1,910 (Insurance) -$6,424 Taxes = $23,188 positive cash flow.
Courtesy of: Springer Realty Group Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd October, 2021 7:38 PM