* PREC - Personal Real Estate Corporation. Attention investors!! This unique investment opportunity is a property that is earning a 7% cap rate & has a lot of potential. There are two houses on one lot (2021 & 2029). You can live in one & rent out the other or rent out both places. Each house has its own large size fenced yard & driveway. Each house has two bedrooms & one bathroom, while one of them, has an extra room (den) in the basement. Each property rents for $1,200 each per month (2,400 total) ($28,800 yearly revenue); tenants pay their own gas & hydro. Expenses are city utilities $2,800.00, taxes $3,085.00 & insurance $2,900.00. The yearly net revenue is $20,000.00. (id:51532)
| Property Summary |
|---|
| Building |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Basement | Den | 16 ft x 6 ft ,6 in |
| Main level | Living room | 15 ft ,1 in x 11 ft ,3 in |
| Kitchen | 13 ft ,4 in x 9 ft ,3 in | |
| Dining room | 10 ft ,2 in x 8 ft ,8 in | |
| Primary Bedroom | 11 ft ,6 in x 11 ft ,6 in | |
| Bedroom 2 | 11 ft ,6 in x 9 ft ,7 in | |
| Living room | 13 ft ,4 in x 10 ft | |
| Kitchen | 12 ft x 6 ft ,6 in | |
| Primary Bedroom | 13 ft ,8 in x 10 ft ,9 in | |
| Bedroom 3 | 10 ft ,1 in x 10 ft |
| Features | |||||
|---|---|---|---|---|---|
| Open | |||||
