Updated about 8 years ago on . Most recent reply
Move in ready, many updates, 2 BR/2 BA house $750 mnthly rent
Quaint, clean, energy efficient 2BR 2BA home on dead end street in downtown Waterville. Located across from Railroad Square, walking distance to all shopping and restaurants. Home has been well cared for and updated with newer flooring, paint, roof, windows, doors and heating system. Original tin ceilings and hardwood birch floors. Kitchen & bathrooms are a bit "dated" and but everything is in good working order, including new refrigerator.
Downstairs consists of an open dining room area, living room and small den or office, kitchen and bathroom, while upstairs there are two bedrooms and extra bathroom. (Both bathrooms have shower stalls vs. tubs) New heating system in 2008, uses approx. 600 gallons per year for heat and hot water.
Rents for $750 per month, tenant pays everything except water and sewer. Cash flows nicely. Will continue to manage for out of area investors
Owner financing: May consider financing 10% of the deal so that investor only needs to put 10% down on typical 80 LTV investor loan.