Cash-flowing investment opportunity! Fully occupied and generating $50,148 in annual gross rental income, this turnkey investment property delivers immediate cash flow from closing. With six furnished rental rooms currently producing $4,179 per month, approximately $16,311 in annual operating expenses, and an estimated Net Operating Income of $33,837 per year (before owner-specific expenses), this is an outstanding opportunity for investors seeking reliable, proven returns. Designed for consistent rental demand, the property features six furnished bedrooms, two full bathrooms, spacious shared living areas, and a beautifully renovated kitchen completed in 2024. Recent improvements include a new front door and frame (2026), newer refrigerators, updated appliances, and numerous mechanical upgrades completed over recent years, making this a true turnkey investment. All six furnished rooms are currently rented, with monthly rents ranging from $665 to $717. The seller advises there has been only one month of vacancy since April 2024, demonstrating strong occupancy and consistent rental performance. Whether you're expanding your investment portfolio or purchasing your first income property, this is a rare opportunity to acquire a well-maintained, income-producing asset with immediate cash flow.
Turnkey income opportunity with strong returns. This single-family dwelling is currently generating over $35,000 in annual cash flow, with 2024 gross income of $49,200 and expenses of $13,436.76. Ideally located near the college, the property is set up for efficient rental use with six secured bedrooms, each with individual door codes. The main level offers two bedrooms, a shared living area, a renovated kitchen, and a 4-piece bathroom. Upstairs features four additional bedrooms, another 4-piece bath, and access to a balcony. Updates include the kitchen, furnace, central air, hot water tank, windows, insulation, siding, and roof. The sale includes furnishings and household contents, allowing for a seamless transition for the next owner. 48 hours notice required for showings. Room dimensions not available - please refer to floor plans in photos. A solid opportunity for investors seeking immediate income in a high-demand rental area.
TREB #X9517838
Nov 1, 2024
Listed
$388,000
Nov 1, 2024
Delisted
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Jun 6, 2024
Listed
$388,000
Flooring: Hardwood, This single family dwelling is CASH FLOWING $34,780.00! Invest in this prime income producing property, perfectly situated close to the college. This spacious home features 6 secure bedrooms, each with individual door codes. The main floor offers 2 bedrooms, a common living room, a fully-equipped kitchen and 4-piece bathroom. The second level has 4 additional bedrooms, another 4-piece bathroom, and balcony. Recent renovations include the kitchen, furnace, central air, hot water tank, updated windows, insulation, siding, and roof. Sale includes - 2 fridges, washer, dryer, living room furniture, utensils, cookware, dishes, beds, dressers, and more. 48-hour notice required for showings. Don’t miss this excellent investment opportunity! Gross Income: $48,600 Expenses: $13,819.56 Cash Flow: $34,780.44. Please note we do not have room dimensions, please refer to floor plan in the photos. , Flooring: Mixed
TREB #X9450172
Jun 6, 2024
Listed
$388,000
As the MLS and public records start to fill up, we'll list the details here.