
Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
$80,000
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2 bed
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1.00 Bath (1 Full)
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Lot: 0.08 Acres
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Single Family Residence
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$80,000
6035 Margaretta Avenue Investors, this one's for you! This brick bungalow offers 875 sf of living space with 2 bedrooms, 1 bathroom, living room, eat-in kitchen, bath, full basement, and on-street parking. Inspections are welcome for your knowledge, but the sale is as-is with seller to do no repairs. The property is rented to a long-term tenant at $1105, completely paid by Section 8 assistance, for a gross annual income of 13, 260. Seller's annual taxes, insurance, and sewer expenses total 4, 622 for an NOI of 8, 638, which is a 10.79% cap rate at asking price. Have a look, make your offer, and let the cash flow begin.
Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
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