Currently has 1BR/1BA in the upper unit and 1BR/1BA in the main level with room to add another BR on the main level.
Two options to convert the main level into a 2BR unit:
- Shrink the existing BR into a smaller BR and open up the wall so it’s a Living Room & Kitchen all in one.
- Other option is to convert the large existing insulated and heated porch into a 2nd BR and leave the current floor plan as-is.
Both units vacant and ready for you to move in and move in your tenant!
Based on market rents per rentometer.com for the area, for a 2bd/1ba and 1bd/1ba, it should rent for about $2400-2500/month total. This is a HOT area to have a multi-unit in.
- The Rent to Own payment would be $2250/month. So, you’d still cashflow if you didn’t live there OR if you did live there, most of your payment is covered by the other unit.
- Looking for 15k down Option Fee (that gets applied to your mortgage down payment if purchased on time).
- Roughly 7% of your rent gets credited back to you upon time of purchase!
- Purchase price is $269k if purchased from now until 24 months from now. Then, price goes up only 2.5% per year thereafter.
Please let me know if you are seriously interested in this property (or anyone else you might know).
IF you are, we can get you in to see it asap and get you any other details including address. If you are not interested in this one, but DO want a Rent to Own or CD deal and have a minimum of 10k down, we can talk about other homes coming up or our HomeFinder program!