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Description
Seven bedroom 2 full bath rooming house in Strawberry Mansion, just North of Sharswood neighborhood. Prior to 2021 this house was rented by the room fully occupied generating $3,600 / month. Room rates were $500 and $600 depending on the size with all utilities included. Landlord provided WiFi. Property manager was credited a $500 room in lieu of management services.
This a solid investment with the potential for heavy cash flow for a savvy real estate investor that has experience in renting rooms. House needs a minor rehab - roughly a budget of $30,000. This would generate an ARV of $250,000. Great investment opportunity with tons of potential. Let this be your next project. Owner is a licensed contractor and willing to do the repairs for new buyer.
Location
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Courtesy of: HomeZu Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 20th March, 2023 3:49 PM (UTC)
