$165,000

Great investment opportunity, or fantastic opportunity for live-in owner. Upstairs just rehabbed, would rent for $900 to 1000, or perfect for owner's unit (holding off on renting while listing). Downstairs duplex unit has great long-term (over eight year) Section 8 tenant, rent is $1,200 (all but $65 paid by the government). That unit alone should pay the full mortgage at asking price (i.e., the owner could basically live for free), or fully rented the cap rate should be around 13%. Zoned as legal three unit, but currently rented as two unit (since one unit duplexed down). Tenants pay electric and heat, approx. $150/month additional from brand-new coin laundry ($2,000 investment). Sold "as is", broker owned, listed at 2014 pre-improvement appraisal value for quick sale.