Description
Welcome to your next investment property! With eight rooms and three bathrooms, this rooming house produces $36,000 annually in gross rental income. All leases are month to month. Rooms 1, 3, 5 & 6 produce $425/month, room 7 produces $575/month, and floor 2 produces $725/month. Rooms 2 & 4 are vacant leaving room to increase rental income. Owner pays gas, water and electric. There are 2 common bathrooms, a shower and mini kitchen on the first floor. There are 2 electric meters, located at the back of the building. The property also comes with 657 W Mason St which could be used as a parking lot to generate more rental income. Access to the basement in room 2. Listing agent must accompany any showing as requested by the seller.
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8BEDS
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0.07ACRES
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2BATHS
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11/2 BATHS
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2,971SQFT
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$79$/SQFT
Description
Welcome to your next investment property! With eight rooms and three bathrooms, this rooming house produces $36,000 annually in gross rental income. All leases are month to month. Rooms 1, 3, 5 & 6 produce $425/month, room 7 produces $575/month, and floor 2 produces $725/month. Rooms 2 & 4 are vacant leaving room to increase rental income. Owner pays gas, water and electric. There are 2 common bathrooms, a shower and mini kitchen on the first floor. There are 2 electric meters, located at the back of the building. The property also comes with 657 W Mason St which could be used as a parking lot to generate more rental income. Access to the basement in room 2. Listing agent must accompany any showing as requested by the seller.
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