Investor Alert. This property is rented out at $1217/month with a 2 year lease and a CAP Rate of 7.36%. This is a PHA approved property. PHA currently pays 100% of the lease. This is probably the nicest rehabbed property you will find in this area at this price, located near the Montgomery/Ridge Ave intersection. This home was rehabbed in 2020 with all new flooring and carpeting (in 2022), a new HVAC system, new plumbing, electric, new windows/doors, and a new roof. In 2022 new appliances were added in the kitchen (oven, Washer/Dryer dishwasher-2020), and the basement was upgraded with new parged walls and poured concrete flooring which includes a water-proofing system, including a new sump pump. New AC system was added in the current 2022 rehab. This is an affordable, turnkey property that should be on your list of must see homes.
