The building consists of 3 floors, each with it's own kitchen and own entry. The basement is 600sqft with 1bed/1bath, living room, and kitchen. The middle floor is a 450sqft studio apartment with a kitchen, bathroom, and has a deck off the back. The top floor is a 3/2 with a large great room, kitchen, and dining room. The property is in overall good condition with some updates done. The roof was replaced 8 years ago, no foundation issues, and the mechanical workings are all in good shape. The basement was previously rented for $750 a few years ago, the middle floor was rented for $500 a few years ago, and the top floor wasn't rented but the rates in the area suggest $1300 for a 3/2. Total estimated rental income to be $2550+. The current tenants are renting the entire home to themselves for $1700. It is in a flood zone, however, when there is a rise in water, it does not breach the base of the home due to its positioning relative to the creek. This property is tenanted until the end of April.
STATS:
- Bed/Bath: 4/3 + Studio
- Sqft: 3450
- Lot Sqft: 39,204
- Combined Rents: $2,550+
- ARV: $375K
- Inspection report and pictures: https://drive.google.com/file/d/1ZBYfamRShl8EPMVDmOm9SklCYewawO7V/view?usp=sharing
MLS COMPS:
- 900 Old Farm Walk - (4/3, 2518sf) - SOLD - $307,000 (Brick House, Good shape)
- 3749 Hadley Ridge - (4/3, 2285sf) - SOLD - $320,000 (Good shape)
- 904 Old Farm - (4/4, 1639sf) - SOLD - $277,000 (Good shape)
- 1042 Lincoln Dr - (4/2, 2010sf) - SOLD - $343,000 (Updated)
- 3724 Centerview Dr - (4/2, 2900sf) - UNDER CONTRACT - $375,000 (Good shape)
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Tal Kramer (Manager) 7709710025
Tenants - Nick cell: (678) 382-9756 Sabrina cell: (678) 761-2447
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