A recently improved property offered with leasing upside for an investor comfortable completing tenant placement.

This 3-bedroom, 1.5-bath property offers approximately 1,450 square feet and was built in 1962. The projected monthly rent is $1,750, with estimated monthly operating expenses of $610, producing projected net monthly income of $1,140. Based on the asking price of $194,900, the projected cap rate is 7.0%.

The property is currently vacant or being prepared for tenant placement, giving the next owner flexibility on lease terms and screening. Property management is not included, giving the buyer the option to self-manage or select a local management company.

The projected ROI of 9.0% combines the income profile with a conservative market appreciation assumption. Figures are estimates intended for listing presentation and should be independently verified during due diligence.