257 Old South High StNeed More Information?
Incredible Turn-Key Investment Opportunity! Extremely well managed 5 Bedroom student rental property. House is fully leased to 5 tenants through the 2017-2018 school year. All 5 tenants sign an individual lease with a co-signer. The leases include a strictly enforced renterâ€™s insurance requirement and non-refundable cleaning fee, which is applied towards annual cleaning, maintenance, repairs, etc. The property earns an annual income of $30,540 with no additional out of pocket maintenance expenses. This property has enjoyed a 100% occupancy rate during the seller’s 3 year period of ownership. HVAC system is inspected and serviced quarterly.
Listing courtesy of Funkhouser Real Estate Group: Harrisonburg