Investors take note! This home features 10 units that can be rented out and offers lots of potential. Right now it is being used as one main level rental unit that is a 2 bedroom 1 bath. The rest of the units are rooms that are rented out with a shared kitchen and 2 shared bathrooms. The sellers are including a set of coin operated washer and dryer giving tenants on site laundry. There is ample street parking as well as on site parking. There is a garage on the property but it is currently being used for storage now. Right now the property has 2 vacancies but when the property is fully rented it brings in $4390 as is. The lower unit is rented for $795 (room to increase) and the current owner has been renting the rooms out for $450 each. The property could be updated and rents could be increase if the new owner wanted to. There is potential with the separate rooms to also turn the property into an Air BnB with multiple units to take advantage of the short term rental market. All in all this is a great investment property and can be a great money maker!
Courtesy of JAKE RYBARCZYK and COLDWELL BANKER ACTION
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