7 House Portfolio For Sale! $3,575 per month in gross revenues. These stay rented! All 7 houses share a common well water system. 6 houses have kerosene heat and one house has a natural gas furnace. Energy efficient homes. The water-well pump and all electrical related was replaced in 2021. All the houses have had new water heaters installed within the past 2 years except one. All these houses are 2 bedrooms, 1 bath concrete houses. New exterior paint jobs on 6 out of 7 houses. All seven houses have septic tanks that usually only need to be serviced every 3 years or so. Recurring owner expenses: • $11.75 per house per month for trash/recycling • Power bill for the well pump plus the street light comes out to $75-$100/month • Taxes and Insurance • There is an 8th house that is owned by an owner occupant that shares the same well. She pays $25/month for water usage plus $150/year for shared maintenance responsibility on the well.
Listing courtesy of CharMeck Properties LLC.
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