https://www.city2cityrealty.com
2021 SPRUCE STREET, Prince George
Prince George
Single Family
$299,000
For sale
4 BEDS
2 BATHS
891 sqft

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Description

* PREC - Personal Real Estate Corporation. Attention investors!! This unique investment opportunity is a property that is earning a 7% cap rate & has a lot of potential. There are two houses on one lot (2021 & 2029). You can live in one & rent out the other or rent out both places. Each house has its own large size fenced yard & driveway. Each house has two bedrooms & one bathroom, while one of them, has an extra room (den) in the basement. Each property rents for $1,200 each per month (2,400 total) ($28,800 yearly revenue); tenants pay their own gas & hydro. Expenses are city utilities $2,800.00, taxes $3,085.00 & insurance $2,900.00. The yearly net revenue is $20,000.00. Lot size is taken from Tax Ass., all measurements are approx. & all info. to be verified by buyer if deemed important.

General Info

R2948117
2
4
1952
Open
Forced air
11200 sqft
None
Mortgage Calculator
Purchase Amount $ 299,000
Down Payment
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Mortgage Term (Years)

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CITY 2 CITY REAL ESTATE SERVICES
2021 SPRUCE STREET, Prince George
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