Description
Excellent Investment Opportunity in Germantown!Step into this unique Queen Anne Victorian with strong rental income and even more upside. Currently operating as a 7-bedroom investment property, this home has 4 out of 7 rooms leased month-to-month at rates between $500"$700/month, generating a current rent roll of $2,500/month. With 3 additional rooms ready to rent (worth approximately $1,700/month), the property has a projected rent roll of $4,200/month once fully occupied.Recent upgrades include a new sanitary line and a new gas forced air heating system, giving investors peace of mind with major systems already taken care of.Adding even more value, the massive Victorian next door has just begun renovations, signaling appreciation and revitalization for the block. Outside, the property features a gated curb cut with parking for up to 3 cars " a rare convenience in the city.Whether youre looking to expand your portfolio or step into a cash-flowing rental with upside, this property offers a solid return and strong long-term potential.Property is sold As-Is.
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7BEDS
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0.08ACRES
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1BATHS
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11/2 BATHS
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2,025SQFT
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$123$/SQFT
Description
Excellent Investment Opportunity in Germantown!Step into this unique Queen Anne Victorian with strong rental income and even more upside. Currently operating as a 7-bedroom investment property, this home has 4 out of 7 rooms leased month-to-month at rates between $500"$700/month, generating a current rent roll of $2,500/month. With 3 additional rooms ready to rent (worth approximately $1,700/month), the property has a projected rent roll of $4,200/month once fully occupied.Recent upgrades include a new sanitary line and a new gas forced air heating system, giving investors peace of mind with major systems already taken care of.Adding even more value, the massive Victorian next door has just begun renovations, signaling appreciation and revitalization for the block. Outside, the property features a gated curb cut with parking for up to 3 cars " a rare convenience in the city.Whether youre looking to expand your portfolio or step into a cash-flowing rental with upside, this property offers a solid return and strong long-term potential.Property is sold As-Is.
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