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$182,500
3 Beds ⋅ 1 Baths
Another excellent opportunity to expand your investment portfolio! This well-maintained property is currently occupied by a long-term tenant who is now on a month-to-month lease at $1,350 per month, with rent including all utilities, water, and sewer. The tenant would love to remain, providing the potential for immediate rental income. The owner is responsible only for real estate taxes and approximately $883 per year in insurance. Major improvements have already been completed, giving buyers added peace of mind, including new windows (2023), a new furnace (2023), a new roof with a transferable 15 year warranty (2024), and a new central air system (2026). The home offers three bedrooms; however, the third bedroom does not meet current privacy standards. A hall-accessed attic features a roof hatch for egress and has already been framed, offering exciting potential to create an additional bedroom or expand the living space (subject to any required approvals). Whether you're looking to add a turnkey investment to your portfolio or searching for a home with future potential, this property is one you won't want to miss!

431 N 11th St, Lebanon

Listing courtesy of RE/MAX Pinnacle. Contact: 7172708808
$155,000
3 Beds ⋅ 1 Baths
Attention Investors! Don't miss this turnkey investment opportunity with immediate rental income. This Lebanon City property is tenant-occupied by a long-term resident currently on a month-to-month lease at $1,450 per month, with the tenant paying all utilities, including water and sewer. Even better, all kitchen appliances are owned and supplied by the tenant, reducing the owner's maintenance and replacement costs. Current ownership expenses are limited to annual real estate taxes, mortgage, and approximately $823 per year for homeowner's insurance. The tenant has expressed a strong desire to remain in the home, providing an excellent opportunity for continued cash flow. Should the new owner choose to occupy the property or pursue another use, the tenant will require a 60-day notice to vacate. Whether you're adding to an established portfolio or purchasing your first investment property, this income-producing home offers immediate returns and a reliable tenant in place. Schedule your showing today and explore the potential this property has to offer.

757 Locust St, Lebanon

Listing courtesy of RE/MAX Pinnacle. Contact: 7172708808