This student rental, located on Randolph between Wyandotte and Fanchette, is the perfect investment property to add to or begin your portfolio with. The property features 6-bedrooms, 2 bathrooms, a living room, kitchen with dishwasher and 2nd fridge, laundry, 3 parking spaces, and is fully rented at $500/room/month for $36,000/year in revenue.

Asking price is $309,900.
More photos at: https://drive.google.com/open?id=0B0LZW4H0DXbQN0h2aGw4RFpSdE0

In the last year, all walls repaired and painted, all bed and common rooms were furnished, both showers were freshly tiled, and new weeping tile and a foundation membrane were installed at rear of house.

FINANCIALS
In the last 12 months:
-revenue: $36,000
-hydro/water: ~$2560 (Landlord responsible for all utilities with a $300 monthly cap on the hydro/water bill)
-gas: ~$1115
-wifi: ~$1560
-insurance: ~$2250
-taxes: ~$2415
-cleaning: $720

Operating profit: $25,380 or 71%!! (doesn't include snow or lawn maintenance)

This property is being sold by private sale. Contact Shawn by text or phone at 226-350-2877.

1

Bedrooms 6+
Bathrooms 2