This split-level brick SFR is larger than it looks. It has 3 bed & 1.5 bath. All bedrooms are located on the top floor with one bath. The main floor has the living room & kitchen, while the lower level is finished and has another large living area, plus a half-bath and laundry room. The house sits on an over-sized lot. No garage, but ample street parking. The street is quiet, mainly SFR’s.
There’s currently a long-term tenant in the property. They pay $1200 month in rent, and are month to month. They would prefer to stay, but if not, will need some help to move out.
Option 1: Keep as a rental. Incredible cash flow from Day 1 with $1200 mo rent.
Option 2: Give proper notice to the tenant, or cash for keys, and rehab & flip this property. ARV’s are $170,000 – $190,000.
Details:
Brick
Split-Level
3 Bed & 1.5 Bath
Basement/Lower-level: Finished
Building Size: 1,140 sq. ft.
Lot Size: 4,128 sq. ft
Property Taxes: $3,500 (2018)
Built: 1965
Parking: Street Parking
Schools:
Lowell-Longfellow Elementary School K-6, 0.2 mi
Brooks Middle School 7-8, 1.7 mi
Thornton Township High School 9-12, 1.0 mi.
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