801 S 19th
This 2/1 on a corner lot in midtown has been nicely maintained on the inside and has two wonderful tenants. The layout is two spacious bedrooms on one side of the home with a jack and jill bathroom in between. The other side features a living room, dining room, and kitchen, where the laundry hookups are currently positioned. The roof is dated but not leaking, and the gutters need a little lift to be fully functional.
It has a partial dirt basement, and the water heater and furnace are said to be in working condition.
The seller paid high compliments to the tenants, who always pay on time and keep the house tidy on the inside, which was evident during the tour.
The tenants are in a month-to-month lease, and have been paying $550/mo since 2018. A rent increase up to market levels would be at the discretion of the buyer.
*Est repairs and ARV are dependent on investment strategy
ARV: $115,000
Asking Price: $50,000
Estimated Rent: $550/mo
*Rehab descriptions are provided as a courtesy. We strive to help investors have a better understanding of possible needs and numbers. Information provided here is NOT an exhaustive scope of work nor is it a bid for contractor and labor. Please do your own due diligence as numbers/ARV are not guaranteed; they are based on our current knowledge of the property/market, experience, and a quick walk through.