4784 Highland Avenue

Solid occupied rental property for a low price! This property is occupied with a long term (10+ years) tenant paying $550/month, electric, gas, and cares for the lawn - who pays rent like clockwork and is an amazing tenant who would like to stay for the indefinite future. Seller Pays Water/Trash (120/qtr) Sewer ($65/mo) Insurance (estimate 940/yr , seller doesn't carry). That is a 10.76% Cap Rate and a 1.65% rent ratio. TURNKEY AND..... This property is strictly AS IS, Seller will do no repairs, nor provide new occupancy. Deferred maintenance as per photos. The roof age is unknown, at end of serviceable life, yet no known damage or leaks. Plumbing stack has a small leak as pictured near the floor. There could be some tuckpointing, gutterwork, soffit work done, as pictured, but again no known leaks or anything prompting action - nor any tenant requests or complaints. Back porch pulling away from building. VALUE ADD OPPORTUNITY! NO Seller Fin or Creative interest. NONE.