2021 SPRUCE STREET * PREC - Personal Real Estate Corporation. Attention investors!! This unique investment opportunity is a property that is earning a 7% cap rate & has a lot of potential. There are two houses on one lot (2021 & 2029). You can live in one & rent out the other or rent out both places. Each house has its own large size fenced yard & driveway. Each house has two bedrooms & one bathroom, while one of them, has an extra room (den) in the basement. Each property rents for $1, 200 each per month (2, 400 total) ($28, 800 yearly revenue); tenants pay their own gas & hydro. Expenses are city utilities $2, 800.00, taxes $3, 085.00 & insurance $2, 900.00. The yearly net revenue is $20, 000.00. (id:203)