Welcome to 8020 4th Avenue South! This freshly updated 3-bedroom, 1-bathroom home is situated on a beautiful street in East Lake and currently generates a reliable rental income of $850 per month, making it an excellent investment opportunity for families or professionals.
As you approach the property, a charming stone front porch greets you, enhancing its inviting appeal. Inside, you'll find an inviting eat-in kitchen and a convenient laundry room. The home boasts stunning hardwood floors throughout, complemented by tile in the bathroom. Recent updates include new interior paint, a refreshed bathroom, refinished hardwoods, and new siding in a modern color on the exterior.
The spacious, fenced backyard offers plenty of outdoor space for relaxation and activities, creating an ideal setting for tenants. This property exemplifies our commitment to providing high-quality rental homes that deliver consistent returns and tenant satisfaction. If you're looking for a solid, cash-flowing investment in a desirable location, this property is a fantastic choice!
The numbers behind the deal
- We bought the house on June 2021 for $35,000
- Renovation cost: $30,270
- Sold the house on Jan 2022 for $102,000
- Closing costs: $6,630
- Gross profit: $30,100
- Gross cash/cash: 46.11 % in 7 months
