516 S 4TH Street

Description

Investor Alert!! Downtown Hamburg single family home rented for over 22 years to the same tenant. Start building your portfolio with long term future gains. Traditional semi-detached floor plan still has original wood staircase and unpainted trim throughout. Spacious main floor living room with powder room. Dining room and kitchen towards the back of the home complete the main level. Upper level has three bedrooms and hall bathroom. Walk up attic is your future fourth bedroom. Full basement with walkout to backyard. One car garage off alley. Covered front and rear porches. Current tenant has a month-to-month lease at $700 per month. Tenant pays all utilities. Current rent way below market value as-is. Property is dated in many areas, but not beat up. To the best of the sellers knowledge, the home has been pet and smoke free during their ownership. After repair value (ARV) for rent could be $1600 - $1800 per month! ARV could be $190,000 - $210,000 at minimum. Start building cash flow and equity fast with this awesome opportunity!