Property Description

INVESTMENT OPPORTUNITY! INCOME-PRODUCING PROPERTY WITH ESTABLISHED RENTAL INCOME!Discover an exceptional opportunity to own a beautifully renovated, income-producing property in a rapidly gentrifying neighborhood. Whether you're an experienced real estate investor or looking to purchase your first investment property, this unique 4-bedroom, 2-bath home offers an attractive combination of existing rental income, modern upgrades, and long-term investment potential.ALREADY GENERATING $3,750 IN POTENTIAL MONTHLY RENTAL INCOME!Currently configured and operating as a fully-furnished rooming house, this property offers investors an opportunity to step into an established rental operation. Each of the three larger bedrooms generates $1,000 per month, while the smallest bedroom is being marketed at $750 per month and is expected to be occupied soon. With all four rooms occupied at the advertised rates, the property has the potential to generate $3,750 per month, or $45,000 annually, in gross rental income.The current residents have taken exceptional care of the property, keeping the renovations, upgrades, and interior finishes in mint condition.Unlike typical cookie-cutter properties, this home offers distinctive character, vintage architectural details, and thoughtfully selected modern upgrades. The spacious floor plan features four bedrooms, including a primary bedroom with a large walk-in closet, two full bathrooms, a dedicated den, and a separate laundry room with additional storage.The property also features a covered carport and sits on an expansive lot with a large yard surrounding the home. Outdoor amenities include a custom-built table and the beginnings of an outdoor kitchen, creating additional opportunities to enhance the property's appeal and functionality.PROPERTY FEATURES & MAJOR UPDATES: Four bedrooms currently configured for individual room rentals. Three bedrooms producing $1,000/month each. Smallest bedroom marketed at $750/month, with occupancy anticipated soon. Potential gross rental income of $3,750/month ($45,000 annually) at advertised rates with full occupancy. Two full bathrooms Primary bedroom with large walk-in closet Dedicated den Separate laundry room with additional storage Covered carport Expansive yard surrounding the home Custom-built outdoor table Beginnings of an outdoor kitchen 2023 roof 2019 HVAC system 2025 water heater Updated plumbing Renovations and interior finishes maintained in mint conditionWHY INVESTORS SHOULD TAKE NOTICE: Existing income-producing rooming house configuration. Opportunity to acquire an established fully-furnished rental setup. Attractive gross income potential for both experienced and first-time investors. Potential to continue the current room rental arrangement or explore alternative rental strategies, subject to applicable regulations. Spacious property with character, modern improvements, and room for future enhancements. Located in a gentrifying neighborhood with potential for long-term appreciation.Whether you're looking to purchase your first investment property, expand your existing rental portfolio, or acquire an income-producing asset in this declining market, this property offers an opportunity to put your investment dollars to work.

Property Features