23 S West Street

Welcome to 23 S West St, a licensed rooming house with a grandfathered-in, transferable license. With 6 rooms plus an efficiency unit, this property is ready to cash flow with its new owner. Once fully rented, this property will bring in $47,320 a year in annual income. After all expenses, the estimated net operating income is $24,199, after accounting for management, maintenance, and vacancy. Owner pays all utilities, and tenants pay on a weekly basis. Four of the six rooms are rented for $90, $100, $125, and $150, paid weekly. Market rent on a weekly basis is $135–$150 a week, and the vacant efficiency unit would rent for $750/month at market rates. The property also features three full bathrooms, including one in the partially finished basement off of the efficiency unit. Call today to schedule a showing!