Investor · Harrisburg, PA · Member since 2014 · 142 posts · 18 votes
Single Family Home with Happy Tenants
Fully Rented w/ potential additional rental income from garage and workshop rental (NOT included in current figures)
ADDRESS:
1013 Walton Street, Lebanon, PA 17042
2nd floor: Renovated 2BR, LR, DR, covered porch w/stairs leading down to large yard, modern kitchen w/appliances, Central air and gas heat. Tenants pay ALL utilities. $675/month.
1st floor: Workshop and garage with bathroom, showroom and laundry. Separate 100AMP service. Can be converted to additional living space or converted back into a 3 car garage, but can definitely can bring in more income. Currently unused.
New windows, kitchen, & central air in 1998. New roof in 2008.
Rents: $675/month
Taxes annually: $1,777
Maintenance: They take care of it
Insurance: $45/mo.
Asking: $43,000
NET Monthly Income: $482 (13.5% CAP rate!)
*Only 1.75 hrs from Baltimore, 1.5 hrs from Philly, and 2.5 hrs from New York City.