Today’s highlight is brought to you by David Renberg, listing courtesy of Foundation Realty.

1014 Bluemont is an exceptionally close to campus investment property. It is a converted tri-plex with all modern plumbing and electrical, as well as modern mechanical units. All three units are on separate HVAC. There are three: two bed, one bath units. The top two units are rented together for $1,520 through next school year, and the basement has a history of renting for $610, and is currently up for re-lease at the end of this semester. The gross lease is $2,130 per month.

Pros:

• This property should never be vacant due to its proximity to campus
• Although built in the early 1900’s, it has been completely modernized

Cons:

• The property is boxed by larger complexes, effectively eliminating development potential

Bottom line:
This property is a great opportunity to acquire a property very close to both Aggieville and campus, at an attainable price point for the area.

See listing link here.

See link to investment analysis here.

Call Foundation Realty at 785-473-7230 for more details about investing!