Property ID : BuenaVista4104
Sale Pending $239,000.00 - Single Family Home
5-Bedroom 2-Bath Detached Rental House in Excellent Condition. This house has a new asphalt shingle roof, updated kitchen with gas range, dishwasher, and refrigerator, and two ceramic tile bathrooms.
The house has hardwood floors and a new laminate floor in the kitchen. Vinyl replacement windows surround this house. 100 amp electric service provide modern electric power and gas boilers provide economical heat.
Located just off of 41st Street, the house is in easy walking distance to MOM’s Organic Market at the Rotunda and all of the cool shops and restaurants along Hampden’s “The Avenue” on West 36th Street. The Light Rail stop in Woodberry is a short 10-minute, 1/2 mile walk.
Rented for $2,100 per month, with the tenant paying all utilities, to a group of young professionals, this house provides instant positive cash flow with opportunity to raise rents in the future. Hampden and Medfield represent a strong housing sale and rental market promising excellent future appreciation for both housing prices and rental increases.
9.5 GRM (114 times monthly rent)
$146 per sq.ft.
7.4% Cap Rate
9.5% Cash-on-Cash Return On Investment