Two-unit complex with a total of 6 apartments.
All unoccupied and newly remodeled, but current owner has pre-leased and is accepting leases pending remodel completion.
All units contain new kitchen appliances and washer/dryer hookups and have new water heaters.
Unit 1 Upstairs: 4 bedroom / 1 bath
Secondary egress for insurance purposes
Will rent for $1,050 per month
Unit 1 Downstairs: 4 bedroom / 2 bath
Will rent for $1,100 per month
Unit 2: 2 bedroom / 1 bath
Total of 4 apartments
Will rent for $750 per month
Total Potential Rent Income: $3,000 per month
Listing Price: $485,000
Potential Profit: $5,150/mo (Over 1% rent-to-purchase return)