Nearby Schools
Northview / Gary GoreElementary School
Jennings Jr. HighMiddle School
Jennings HighHigh School
Description
This solid brick home is a winner for any investor's portfolio. With two beds and two baths, living room, dining room, kitchen, and lots of room in basement, it's sure to please. Located on a cul-de-sac with a level, fenced lot. Long term tenant (14 years!) wants to stay. It's occupied, so no showings without an accepted contract (contingent on viewing, of course). Current rent is $840 per month, x 12 = 10,080, less annual expenses of 3,526 = NOI of 6,554, making this a 8.4% cap rate at asking price. Let's make a deal! 9/15/23 update: brand new electric meter and panel have been installed!
Location
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Listing Office: Radius Realty
Attribution contact: 2664585
