Property Description

ATTENTION INVESTORS! TURNKEY, INCOME-PRODUCING RENTAL PROPERTY WITH A 12% GROSS ANNUAL RENTAL YIELD! Looking to add a cash-flowing property to your investment portfolio? Look no further than 211 Weymouth Road! Offered at just $176,000, this tenant-occupied property generates $1,760 per month in rental income, totaling $21,120 annually! LONG-TERM TENANT IN PLACE SINCE AUGUST 2010! That’s over 16 years of continuous occupancy! The tenant participates in the Housing Choice Voucher Program (commonly known as Section 8), with a lease secured through August 31, 2027. The program provides housing assistance payments directly to participating landlords, offering an attractive source of rental income. LOW LANDLORD UTILITY RESPONSIBILITIES! The landlord is responsible for sewer and trash only, helping keep operating expenses manageable. Additional features include natural gas heating, a natural gas water heater, and a finished basement offering valuable additional living space. With a purchase price of $176,000 and annual rental income of $21,120, this property offers an impressive 12% gross rental yield before operating expenses, making it an attractive opportunity for investors seeking immediate rental income without the hassle of finding a tenant. Whether you’re a seasoned investor expanding your portfolio or purchasing your first rental property, this is an opportunity worth considering. An established, long-term tenant, existing rental income, and a lease extending into 2027 make this an excellent addition to any rental portfolio!

Property Features

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