Turn-Key SFH Rented And Ready To Go!

This is a Turn-Key investment home. There are three-year tenants in the property, under lease through June 30, 2023. Rent is $1,150/month. Current Cap Rate: 8.5%. Market rent for area is $1,350-$1,500. Bring rent up to market value -($1400/month), brings the Cap Rate up to 11.5%. Has a two-car garage. Home has had the furnace, hot water tank replaced. Fully painted inside. Full basement, covered patio. Fenced yard. Mechanicals - roof -10 years, furnace-4 years (six years left on warranty), hot water tank - 4 years ( two years left on warranty), plumbing replaced with cpvc. Cutler Hammer panel- wiring has ground wire. Reason selling is to do a 1031-exchange into a larger multi-family property. Also selling 250 S. Terrace Ave, 43204. Please do not disturb the tenants.