Jump on this opportunity to house hack a great potential cash-flowing rental that can pencil at over a 7+ CAP rate. This is the perfect “house hack”. Use purely as an investment and get great potential cash flow or buy and live in owner-occupied and potentially live for free as the cash flow can pay your mortgage if you live in the basement unit and put at least 10% down. This is a legal duplex with a mother-in-law basement unit. Unit 1: 2 bed, 1 bath, 716 sq ft, Rent: $1,200. Unit 2: 1 bed, 1 bath, 716 sq ft, Rent: $1,100. Mother-In-Law Unit: 1 bed, 1 bath, 500 sq ft, Rent: $700. Gross Potential Rents could be $3,000. 2 car garage. There is a shared laundry area in the basement. Potential upside in cash flow by charging for garage parking ($20/mon), basement storage units ($20/mon), and laundry rental fee ($20/mon). Rents did not include utilities besides water, sewer, and garbage. All units were recently updated and are now rent ready. New paint, new vinyl flooring, hardwood in great condition, hard surface durable counters, updated electrical and HVAC was updated in 2012. Jump on this great house hack as it won’t last long as one of the highest potential cap rate sales in a long time.
