Description
CASH COW rooming house. This cash-flowing turnkey investment opportunity is generating $2560/month in gross income and a sizable profit. Landlord pays all utilities. $22,270 NOI & 16% cap rate. Long-term qualified tenants paying rent on time. Recent renovations include a NEW roof, HVAC system, and upgraded kitchens & bathrooms. Value-added opportunity with separate 475 square foot unit in the back of the house. Plumbing & electrical in place. You have the option to convert it to a 1 bedroom/1 bathroom suite to generate an additional $800 monthly with a Section 8 tenant. Mercer University is nearby. Preferred closing attorney is Chalker & Chalker. Sold as is, where is.
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5BEDS
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0.34ACRES
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3BATHS
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01/2 BATHS
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1,606SQFT
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$86$/SQFT
School Information
Description
CASH COW rooming house. This cash-flowing turnkey investment opportunity is generating $2560/month in gross income and a sizable profit. Landlord pays all utilities. $22,270 NOI & 16% cap rate. Long-term qualified tenants paying rent on time. Recent renovations include a NEW roof, HVAC system, and upgraded kitchens & bathrooms. Value-added opportunity with separate 475 square foot unit in the back of the house. Plumbing & electrical in place. You have the option to convert it to a 1 bedroom/1 bathroom suite to generate an additional $800 monthly with a Section 8 tenant. Mercer University is nearby. Preferred closing attorney is Chalker & Chalker. Sold as is, where is.
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