Turnkey Properties
Property Overview
- Property Type: SINGLE FAMILY HOME
- 2 Bed
- 900 Sqft
- 1 Bath
- 1 Garage
Additional Information
- Cap Rate: 8%
- Current Rent: $1,050
- Cash on Cash Return: 8%
- Current Status: Occupied
- Lease Term: 03/31/2024
- Utilities: Tenant Pays All
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Renovations
Major updates underway:
– Removal of Tree at rear of yard
– Yard clean up
– Professional landscaping
– Removal of shrubs
– Cleaning/edging beds
– Removal of overgrowth, trimming
– Mulching beds
– Garage Renovations
– New roof, including wood sheathing
– New garage door
– Full garage paint
– New gutters and downspouts (charcoal grey color)
– Exterior house renovations
– Full exterior paint, two tone color scheme
– New gutters and downspouts on house (charcoal grey color)
– New exterior entrance door & new storm door
– New locksets and hardware
– New exterior lights
– Repair of chimney/flashing
– Full interior paint
– New vinyl plank flooring in kitchen, mud/laundry room
– New smoke & CO detectors
– New interior door knobs, hardware
– New switches/plugs & outlets
– Updated electrical system
– New 100amp electrical panel
– New 100amp meter base/service
– Grounding/bonding
– Kitchen Renovations
– Sand/restore/paint kitchen cabinets
– New hardware/hinges on kitchen cabinets
– New faucet, supply lines
– New granite countertops
– New HVAC (furnace replacement)
– New hot water heater
– New interior light fixtures
– Window repairs/adjustments
– New vinyl plank flooring in bathroom
– New shelving in laundry room
Pro Forma
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Property Management
Buying Options
Cash and conventional financing. Referrals for lenders available upon request.
$1,000 seller credit toward interest rate buy down.
