1314 9TH AVENUE N

Excellent home or investment opportunity. 2 of the units are currently rented. 1 (upper back) is vacant but management is actively seeking a tenant so it may be rented at any time. Current tenants have leases that will need to be honored buy any purchaser. The owner pays for the water (about $2,000/yr) and yard upkeep ($900/yr). The expenses included 1019 taxes. They included management, escrow for repairs, 10% vacancy etc. so the 5% return on investment estimate should be reasonable. It may be possible for the "shed" to be converted back into a viable rental unit since it does have a separate electric meter but we did not pursue that possibility. The vacant lot next door is incl. w\ this parcel- is partially paved- used for parking along w/ small portion separated out for the front house's personal use. 3/1 House w/den has 946 htd-newer kitchen (10x10)+breakfast nook 6x6, bath, windows, roof & AC. LR 13x15,Dining 7x13; bedrms both 11x12; den 8x11. Laundry closet with front load stacked w/d.
Each apt has 580 sqft Some of the pictures were taken before a tenant moved in.
The properties on either side are available listed separately.
Upper unit - the vacant one: new carpeting in living area and bedroom. French doors from enclosed porch into living room. Storage area off the kitchen has water heater plus room for storage. Window a/c units,
Lower unit - enter into living area currently being used as extra bedroom. Kitchen has space for table/chairs. Window a/c units. Some updates to bathroom.