The story
Great Opportunity in Waterford! Come see this charming, recently updated home located in a quiet, established neighborhood on a spacious lot with convenient alley access. Offering excellent potential for both owner-occupants and investors, this property features a new gate and a graveled RV/trailer parking area with two sewer hookups and 20-, 30-, and 50-amp electrical connections. The property currently generates $2,900 in combined monthly rental income! The main home is tenant-occupied and rents for $1850 per month. Additionally, a separately rented RV/trailer space with private alley access and utility hookups generates another $1,025 per month, also tenants contribute with $375 for utilities. Recent improvements include LED lighting, ceiling fans, fresh interior paint, stainless steel appliances, granite countertops, decorative backsplash, and laminate flooring. The washer, dryer, and refrigerator are also included. Additional features include a spacious laundry room with closet, a portable heating and air conditioning unit, a mini-split heating and cooling system in the living room, a brick driveway with parking for 2-3 vehicles, and an upgraded 200-amp electrical panel with an additional utility pole on the property. Additional development potential! According to information provided by the City of Waterford, the property may qualify for an additional dwelling of up to 1,200 sq. ft., subject to applicable zoning, permits, and city requirements. Buyers are encouraged to independently verify development potential, property details, rental income, permits, and all information to their satisfaction. Offered at $294,900. Don't miss this opportunity to own a property with existing income and future potential. Photos were taken approximately 8 months ago, before current tenants moved in. Contact your favorite Realtor today to schedule a private showing!
