Excellent Investment Property in Rising Market!!! Moving and Must Sell!
;)
;)
;)
;)
Description
My Loss is Your Gain!! Moving and Must Sale!!!
122-124 Virginia Avenue
122 VA ave. hallway
124 VA ave. hallway
122 VA ave. kitchen
For more pics follow this link or copy and paste (play the slide):
http://360.yahoo.com/reoinv
7 bedrooms, 3 baths and 2 kitchen total.
This large updated colonial duplex is made up of two separate townhouses that total 6000 sqft+ approximate
interrior space, and 1000 sqft+ exterior space:
122 VA Avenue includes:
4 bedrooms.
1.5 baths.
Formal living room.
Familly room.
Dining room.
An updated large kitchen with pantry.
124 V.A avenue includes:
3 bedrooms.
1 full bath.
Living room.
Large dining room.
A kitchen with a walk in pantry.
122-124 Virginia Avenue also has:
2 Large finished loft sized attics.
2 Basement with washer and dryer hook-ups.
2 Front and rear entrance porches.
2 Enclosed backyard gardens.
5 car parking spaces.
Updates include:
30 new Pella windows(2006).
2 entry and storm door replacements(2006).
electric,plumbing and insulation upgrades.
facia, sofit and gutter upgrades.
2 new ovens and 2 new refrigerators(2006).
Other features include:
SEPARATE METERS FOR ALL UTILITIES.
Oak pocket doors, and moulding.
Central forced heat and space heaters.
2 Fire Places (sealed).
Hard wood floors troughout.
High ceilings.
Cast iron claw foot tubs with shower.
Ceiling fans.
This property is located near:
Hospitals.
Post Office (accross street).
Bus Stop (accross street).
Shoping Centers.
Business district.
Public schools and a college.
Airport.
Train Station.
Local and Interstate roads.
Market rent for 122 VA avenue is $850+/-/month, and $750+/-/month for 124 Virginia avenue.
Total rent based on market rates is $1600+/- monthly or $19,200+/- annually*.
(Rents are higher with section 8 and much higher if you convert this duplex into commericial).
*(These are conservative estimate, note that rents are increasing faster than rate of inflation).
It's possible to convert this property to a commercial retail or office property pending zoning board approval.
This property is located right accross the street from the near future site of the HRDC headquarters.
Virginia avenue as a whole is targeted for a major government funded revitalisation project.
Total real estate tax: $1194.05/yr.
Total insurance: $875/yr.
Property management fee: 4%-6% or FREE if you do it yourself.
Separate meters means all utilities are paid by the tenants.
Email all your questions to reoinv@yahoo.com .
Contact advertiser
User: Anonymous
Contact Now