Great opportunity for investors! The whole house is currently rented for $3000 per month and has not had a vacancy since becoming a rental 3 years ago. There is a one bedroom apartment with it's own, bath, kitchen and exterior entrance that is currently acting as one of the 4 bedrooms. This apartment could be made into it's own unit by closing off one interior doorway, it has been it's own unit in the past. Rent both separately or live in one and rent the other long or short term VRBO / AirBnB. This large lot is zoned for two units making it a great opportunity for future development, taking advantage of this prime location that still has plenty of upside. With a cap rate right around 6% this is a sound investment as is and the future potential is outstanding.
Courtesy of Your Castle Realty LLC
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