3 bedroom, 1 bath, 756 sf house built in in 1941. Ideal investment property with current rent of $650 and existing, two-year tenant desires continued lease arrangement with new owner. With monthly rent of $650 and assuming 8% vacancy per annum, property taxes of $724.16, insurance of $499 and annual maintenance reserve of $525, this property yields a 10.88% cap rate. 5-year old composition roof. New gas line serves hot water heater, stove, and central heat. Property in 100-year flood plain.
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Listing information last updated on August 21st, 2019 at 5:00pm CDT.