Property Description:
FEATURES:
HW flooring 1st & 2nd floors - in very good shape
Foundation & Concrete Basement floor in great shape
Flat Roof & Mechanicals & Windows -- all in real good shape
Electric: 100 AMP
HVAC: Gas boiler (many yrs remain), HW radiators & A/C window unit
2nd Toilet (in basement unenclosed)
As is but includes: New Clothes Washer, Sofa, Rolltop Desk, Armoire
Space to add 3rd bedroom (not in repair estimate)
REPAIRS: $17,000 estimate -- for top rental dollar condition:
Gut & replace kitchen & bath; Small occasional plumbing leak from bathroom to kitchen; Interior -- remove wallpaper, paint, spruce-up; Exterior -- small repairs: concrete, glass, paint
ROI:
Rent for $900, (or more)Purchase + Repairs = $37k ROI = 29%