-14% cap rate that keeps on giving! Individual electric and water meters billed direct to the tenants. All utilities paid by the tenants!Individual septic for each home. Seller financing with $75, 000 down will return a 24% cash on cash return. Section 8 tenants guarantees a monthly check from the government like clock work!Always remains full with huge demand for affordable homes in country environment! Bring your offer today.
1st unit is 3 bedroom 2 bath brick home with unfinished basement; recent updates; spacious kitchen, separate laundry room, new windows, double garage in bsmt. 2nd unit is 2 bedroom 1 bath apartment above detached double car garage; very good condition and currently rented for $550/mo. Tenant will stay is wanted. Additional detached single car garage. Over 3/4 acre of flat land with shade trees. City water/separate septics. City sewer available
Fantastic property with 2 homes & stream! First home has 900 sqft, 2 bedrooms, 1 bath, lg living room w/pine floors & moniter heater, huge eat-in kitchen, wood floors in bedrooms, & covered front porch. Second home has 760 sqft, 1 bedroom, 1 bath, lg living room with moniter type heater & beamed ceiling, & a covered front porch. Both have laundry hook-ups. Would make great rentals.