Summary
This property is currently occupied by a tenant on a month-to-month lease. The tenant is currently paying $560/mo only because the tenant is struggling and they struck a deal with discounted rent. The property used to rent for $800-900 and market rents are $1100. Some updates were made 5 years ago, including the countertops and hardwood laminate flooring. The roof is 20 years old. A good opportunity to put some work into the property and obtain strong rental rates.
STATS:
- Bed/Bath: 2/2
- Sqft: 1008
- Built: 1971
- Lot Sqft: 8,276
COMPS:
- 18 Reynolds St - (3/1, 1100sf) - SOLD - $118,000 (Good shape)
- 11 Burch Ave - (2/1, 1162sf) - SOLD - $80,000 (As-IS)
- 69 1st Ave - (1/1, 876 sf) - SOLD - $149,400 (Updated)
- 15 6Th St - (2/1, 1079 sf) - SOLD - $175,000 (Updated)
***The property is under retreat and termite bond. Not sure if we want to include that.
1. Tallbridge Real Estate is selling their equitable interest in the contracts to purchase the aforementioned properties. All properties are sold for cash or hard money.
2. Buyers responsibility to do your own due diligence and verify all information.
3. Prices are NET to seller with buyer paying all closing costs unless otherwise stipulated.
4. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied.
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
| Bedrooms | |
| Bathrooms | |
| Sq. footage |
Deals nearby
Available
Sold