5 Bed 2 Bath 3,996 Sqft Built in 1890 This is a beautiful historic 1890 home in North Hyde Park. It is currently used as an up and down duplex, but could easily be converted back to a single family home. Convenient to downtown and the Plaza. Seller pays for water. Newer roof, air conditioning, circuit breaker, water heaters, well maintained HVAC, dry/sound basement.
Top unit rented at $795, bottom unit rented at $895. Rents in the area are closer to $1000, so could be increased with minimal improvements. Each unit is 1056 sq ft with 2 bedrooms one bath
Purchase Price $180,000
ARV: 260,000
Estimated Rent: $1,690
Insurance $60
Taxes $228
Management (10%) $169
Maintenance & Vacancy (5%) $85
Monthly Cash Flow $1,148
Net Operating Income $13,776
Cash On Cash Return 8%
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