3836 LAUREL AVENUE

Property Description

Welcome to this fully detached, 4-Family house in the lovely Seagate community. Three story building. 4 one-bedroom apartments - currently rented out producing cash flow plus fully finished basement with livable space. Upside is the possibility of increasing rents. Very motivated seller. Responsible tenants, good income, very attractive price, stable & sound investment. 3836 Laurel Avenue Income 1st floor $1,420 2nd fl front $1,525 2nd fl back $1,000 3rd floor $1,100 All 1 bedroom units. Basement studio is empty can easily rent for $1,000 $5,045 monthly - $60,540 income yearly Expenses $3,000 Water $2,400 Gas $2,700 property ins. $1,500 flood ins. $7,500 taxes $900 electric $7500 Seagate fees $25,500 expenses yearly Net income - $35,040 - Asking price 850,000