Description
Turnkey rental with cap rate over 10. 6 bed 2 bath home with long term PHA Section 8 tenant with rent of $1850 per month, no tenant contribution. Full rent direct deposited into Landlord account by PHA with no rent to collect from tenant. large porch and full walk out basement. Many improvements, new boiler 2016, new roof 2019, new cabinets and counter 2019, new carpet 2019. Lease recently renewed for 2 years and property recently inspected and approved. Rent recently increased to $1850 based upon many improvements. Get a mortgage for 80% and receive 30% cash on cash return! This one is a money maker so dont pass it up. Zoned RM1 multi family so buyer wish to develop into a multi family.
