Lebanon Home 13.5% CAP. Garage/Workshop can be rented! TURNKEY!

[Kate Hall]

Single Family Home with Happy Tenants

Fully Rented w/ potential additional rental income from garage and workshop rental (NOT included in current figures)

ADDRESS:

1013 Walton Street, Lebanon, PA 17042

2nd floor: Renovated 2BR, LR, DR, covered porch w/stairs leading down to large yard, modern kitchen w/appliances, Central air and gas heat. Tenants pay ALL utilities. $675/month.

1st floor: Workshop and garage with bathroom, showroom and laundry. Separate 100AMP service. Can be converted to additional living space or converted back into a 3 car garage, but can definitely can bring in more income. Currently unused.

New windows, kitchen, & central air in 1998. New roof in 2008.

Rents: $675/month

Taxes annually: $1,777

Maintenance: They take care of it

Insurance: $45/mo.

Asking: $43,000

NET Monthly Income: $482 (13.5% CAP rate!)

*Only 1.75 hrs from Baltimore, 1.5 hrs from Philly, and 2.5 hrs from New York City.

(Not the best picture. :) More pics upon request)