Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
$97,500
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2 bed
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1.00 Bath (1 Full)
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Lot: 0.15 Acres
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Single Family Residence
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$97,500
9523 Theodosia Avenue Investors, welcome to this tenant-occupied single family home with two bedrooms, tons of closet space, central air, large yard, a detached 2-car garage! Flooring in living room, kitchen, and utility room is LPV; bedrooms are carpeted, and bath is tiled. Architectural shingle roof, newer HVAC, electric water heater, and updated electric panel. Tenant pays $1000/month and current lease is up for renewal at end of April. Rentometer indicates $1171 as the average rent, and $1237 as the average rent among the top 25%. With current rent less annual operating expenses at $5425, the NOI is $6575 – a 6.575% cap rate at asking price. Ask your realtor for the financials and rentometer reports available in the supplements.
Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
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