$150,000

Seven bedroom 2 full bath rooming house in Strawberry Mansion, just North of Sharswood neighborhood. Prior to 2021 this house was rented by the room fully occupied generating $3,600 / month. Room rates were $500 and $600 depending on the size with all utilities included. Landlord provided WiFi. Property manager was credited a $500 room in lieu of management services. This a solid investment with the potential for heavy cash flow for a savvy real estate investor that has experience in renting rooms. House needs a minor rehab - roughly a budget of $30,000. This would generate an ARV of $250,000. Great investment opportunity with tons of potential. Let this be your next project. Owner is a licensed contractor and willing to do the repairs for new buyer.