Wednesday, March 29, 2017

Falcon House

Over the weekend, I visited a property that is a side by side duplex, about 20 minutes walk from Carleton University.  It can be provided vacant on closing.  Currently, it rents for $1350 and $1500 per month plus utilities.  It is two three bedroom and 1.5 bathroom properties.

This property can be converted to two properties, each with 5 bedrooms and 2 bathrooms.  In this area, older, run down properties are renting for $525 plus utilities per room.  It is highly likely, this property can rent for $550 a room plus utilities.

You would need to close off a dining room into a bedroom and build another bedroom in the basement.  The basement bathroom would require a stand up shower added as well.

The price is aggressive currently for the amount of rent generated.  At $2850 in gross rents and and asking of $639,000 is high.  For more information, please contact me by clicking here... 

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