Turnkey investment opportunity with immediate income already in place. This updated brick property is currently tenant occupied at $1,400 per month, with a lease secured through October 2026, allowing you to step into cash flow from day one without the time or expense of placing a tenant. At the current… Read More rental rate, the property produces $16,800 annually in gross rental income, delivering an attractive rent-to-price ratio of over 15% gross annual return before expenses. With today's DSCR lending environment, the existing rental income positions this property well for investors seeking strong debt-service coverage and cash-flow potential. The home itself has been thoughtfully updated to support long-term tenant satisfaction and minimize future capital expenses. Featuring 3 bedrooms and 1.5 baths, the property offers updated flooring, modern finishes, and a clean neutral interior that continues to attract strong rental demand. The functional layout, the modern updates, and the newer roof make this an ideal low-maintenance addition to any portfolio. Whether you're expanding your portfolio or securing your next reliable rental, this property offers the combination investors are looking for: performing income, secured tenancy, updated condition, and strong rental fundamentals at an appropriate price point. Read Less
Courtesy of Keller Williams First.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,080
Lot Size
0.11 Acres
Year Built
1936
MLS Number
60994761
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
1,080 square feet, 7 total rooms, Built in 1936, Style: 1 1/2 Story, Bungalow
Exterior Features
Brick
Fireplaces
LivRoom Fireplace, Natural Fireplace
Foundation
Basement
Water Features
Gas, Public Water
Heating
Natural Gas, Forced Air
Interior Features
DSL Available
Kitchen
Length: 12 feet, Width: 10 feet
Lot
0.11 acres, Size: 41.5X118.92
Living Room
Length: 10 feet, Width: 15 feet
Taxes
Amount: $2,267
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