Active

$310,000

Features:
  • 5 Bedrooms
  • 2 Bathrooms
  • 1638 sq ft
Overview
  • ID: MFRTB8465385
  • Bedrooms: 5
  • Bathrooms: 2
  • Size: 1638 sq ft
Property Details
Remarks
CASH COW! Investments That Outperform the Stock Market. 2 Homes for the Price of One | $2,700/Month Rental Income Incredible income-producing opportunity with two separate homes on one property. Over $100,000 in renovations have already been completed, making this a turnkey investment with immediate cash flow. Both homes feature major system upgrades, including: New roofs, New air conditioners, New exterior paint,New breaker boxes and New hot water heaters! Front Home – Fully Renovated! This charming 3-bedroom, 1-bath home has been completely updated from top to bottom. Highlights include: New windows, updated electrical and plumbing, Porcelain tile flooring throughout, Soft-close gray cabinetry with an open peninsula overlooking the family room, New appliances, light fixtures, hardware, faucets, toilet, vanity, bathtub, and shower Large laundry room with space for an office desk or expanded laundry station. Fully fenced yard and covered concrete patio, ideal for entertaining. Simply put, if it could be replaced, it was. Home is plaster so damages from tenants are non existent! Back Home: The 2-bedroom, 1-bath back home offers: Long-term tenant in place who preferred no interior renovations. Large backyard and storage. This property is the definition of smart investing: strong rental income, major upgrades already done, and two dwellings generating value on one lot. A rare find with flexibility, cash flow, and long-term upside. Leases end in May but both tenants want to stay. Back tenant has been there 10 years.
Financial Considerations
Price:
$310,000
HOA Fee:
N/A
Tax Amount:
$2772
Price per SqFt:
$189.26
Tax Legal Description:
MADISON PARK LOT 3 BLOCK 8
Exterior Features
Lot Size:
6250
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
No
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1947
Construction Type:
Block, Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Outbuildings, Fence, Private Entrance, Private Mailbox, Private Yard, Storage
Additional Features 2:
NONE
Map
  • Address
    905 W BALL ST
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