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LAKEVIEW 3 UNIT PROPERTY - 2 FLAT IN FRONT AND COACH HOUSE IN BACK. 1 EXTERIOR PARKING SPOT INCLUDED BEHIND COACH HOUSE. BURLEY SCHOOL DISTRICT RENTS ARE VERY LOW - LONG TERM TENANTS & OWNER. GROSS MONTHLY RENTS SHOULD BE $6700+ WITH A 6.5%+ CAP RATE. CURRENT CAP RATE = 5.6% BASED ON DUPLEX RENTING FOR $2800. 1ST FLOOR = 2 BED 1 BATH SIMPLEX UNIT - RENTED FOR $1100. LEASE EXPIRES 8-31-21. 2ND FLOOR - 3 BED 2 BATH DUPLUS UP THAT IS VACANT - LEAVING IT VACANT IN THE EVENT SOMEONE WANTS TO MOVE IN. THIS SHOULD RENT FOR $2800. FREE LAUNDRY IN THE BASEMENT FOR THESE 2 FRONT UNITS. COACH HOUSE IS A STAND ALONE 2 BED 2 BATH UNIT WITH LAUNDRY IN THE UNIT AND 1 PARKING SPACE INCLUDED IN RENT. THIS CURRENTLY RENTS FOR $2200 AND THE LEASE EXPIRES 8-31-21. PERFECT OPPORTUNITY FOR SOMEONE TO LIVE IN ONE OF THE DUPLEX UNITS AND COLLECT RENT TO PAY THE MORTGAGE!! MAJOR IMPROVEMENTS: New roof on both buildings and all new skylights in 2017 New wood back porch/staircase and new electrical service to 2 flat in 2019 Hardscape patios / stone beds 2011 New porch front building 2003 REAL ESTATE TAXES $16,278 INSURANCE $3,584 WATER/SEWER/TRASH $4,108.76 COMMON ELECTRIC $132.59 TENANTS PAY THEIR OWN HEAT AND ELECTRIC.

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Listed by Sharon O'Hara of @properties

Based on information submitted to MRED  as of March 2, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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