Gross Income: $30,600 Net Income: $22,950 Cap Rate: 7.65% BUT INCLUDES PIECE OF BUILDABLE LAND. VALUE should be assigned as $250k for both rental units and 50k for the additional land. This is a 2 family home (3008 sq feet) with masonry construction also including a 3 car garage and space to build at the rear of the large lot. Upgrades include *new electric, *new forced hot air heat, and *new kitchen. Each side has 6 rooms, 3 bedrooms and 1 bath. 2 blocks from Main St. Good condition. No repairs required. Unit 808 pays 1250 in rent and has shared use of garage with owner. Also has a first floor half bath. Unit 806 pays 1300 per month rent has modern kitchen with oak cabinets. New electric system. The extra piece of land is on the tax records or viewable through google maps.
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