
Courtesy of: Josh Stanton, Keller Williams Realty, josh@stanton.team
$210,000
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8 bed
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2.00 Bath (2 Full)
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Lot: 0.38 Acres
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Single Family Residence
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$210,000
3927 Wabash Lane Options abound for this contemporary, furnished coliving rental. Currently generating over $3, 200 per month in rent, you can reposition the property and bring rents up to market for robust returns north of a 12% cap rate. Or, with after repair values north of $300, 000, this home could be a great BRRRR or flip. Already operating as a rental and in need of only minor TLC, there are many value-add plays here. Inside, soaring vaulted ceilings greet you, alongside an updated kitchen with granite countertops and white cabinets, updated bathrooms, LVP flooring throughout, and a dedicated laundry room. Outside, a long, wide driveway offers abundant off-street parking, and the large, level backyard is framed by mature trees for privacy. More than $38, 500 in rent over the past year means you collect income from day one while you execute your plan. After some modest improvements, pro forma income as a furnished coliving rental runs over 24%+ cash-on-cash ROI even after management fees, north of 30% if you do self-managed co-living. Whether you plan to keep it or reposition it, you have options. Sold as-is. Pro forma and full financials available upon request.
Courtesy of: Josh Stanton, Keller Williams Realty, josh@stanton.team
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