Historical Home with Income!

Owner’s Statement

Live in and owner manage this incredible income-producing single-family home that is grossing $7,000 per month with an upside for more income.

The owner’s quarters are on the first level. The 2nd level is rented by the week to roommates who pay $200 – $250 per week and have signed roommate agreements. The renovated 3rd floor has an additional 4 rooms (3 rented).

The possibilities — a savvy homeowner with business sense could live completely free or enjoy an investor’s dream with the opportunity for additional weekly rentals.  Furnishings on the 2nd and 3rd floors will convey for turn-key ease. Roommate rental agreements are in place with 7-day terms.

The agreement protects the owner and clearly describes rules for living in a private home that is not an apartment, but a  rental room with shared common living spaces. All roommates pay separately but contribute to all household expenses weekly.

Private owner’s quarters has 2 baths and 2-3 bedrooms, living and dining rooms, pantry, eat-in kitchen with an island, stainless steel appliances, laundry, huge 10′ x 60′ covered wrap-around farmers porch to enjoy private use of huge backyard, 2-car garage, four original tall boy fireplaces, incredible woodwork, wood parquet floors, and private entrances. Easily open the entire home to suit your needs –without roommates, if you prefer.

The grand front entry hall has a breathtaking staircase, columns, tin ceilings, and parquet floors. The 2nd level has four more gorgeous fireplaces and hardwood floors throughout with more one-of-a-kind woodwork that roommates appreciate.

For the price of a home loan interest rate, own this turn-key opportunity and accept my 85k gross per yr. turn key biz for free!!
Conventional or cash, where is, as is, seller makes no repairs and is MOTIVATED ***. (current owner to remain 30 to 90 days after closing)***
ASKING PRICE 449,900 (for a home with a furnished turn-key roommate situation.)

$100,000 in plumbing, electrical, plaster repair/home preservation, updates, roofing, window repairs, masonry, heating system, and setting up rooms and common areas. Utilities and furnishings are included in the rent.
GROSSING: $1,700 per wk, $7,000 per month. $85,000 per year with upside potential in the owner’s quarters, and a 7-room basement that could be used/rented for dry storage.

EXPENSES:
The average gas heating bill in the winter is $1500/in warmer months – $150
Electric0 $250
Sewer/water $200 mo.
Wi-Fi $125 mo.
Trash $35 mo.
Taxes $6,000 per yr.
Insurance $4,000 per yr.
Maintenance $150 mo.
Supplies $150 mo.

OWNER’S INFO: 

LAURA RANDO
C 207 289 5309
Email: LAURAR.1972@YAHOO.COM