3259 36TH Avenue N

Description

Welcome to your new home sweet home or investment opportunity or BOTH! This property offers both a single-family house and a duplex on the same lot, providing flexibility and multiple rental options. The house and duplex units are all 2 bed 1 bath. All units have their own laundry rooms and are metered separately for both water and electric and plenty of off street parking. This property has been recently updated with new roofs, windows, and exterior doors. The house and one of the duplex units have been completely renovated to modern standards, making them move-in ready for potential renters or owner occupants. Rental comps for House are around $2,500 per month Duplex units $2,300 per month. Annual expenses, including non-homesteaded taxes, insurance and $100/mo maintenance per unit, come in at $12,000. However, note that the $100 a month for maintenance is overkill since the house and one unit are beautifully renovated. With renovation of the remaining duplex unit and a possible garage and garage apartment addition to the main house and some fencing, the property could see increased rental income and improved privacy for each unit. This property is an excellent investment opportunity with a great potential for cash flow, making it a smart choice for investors looking for a reliable source of rental income. It is also ideal for an owner-occupant. All offers are contingent upon Seller approval. Any and all offers or counter offers are not binding until the entire agreement is ratified by all parties AND the fact of execution has been communicated to all parties. Offers must be accompanied by Prequal / Pre-Approval letter and Proof Of Funds to close, dated within thirty (30) calendar days of the date of offer. See Also T3435968