About 1117 La Monte Drive
Reduced $9000! The current owner is cashing out to move on to another investment opportunity. Excellent buy and hold opportunity with 10 year long-term tenant in place who have no desire to move. 3 bedrooms with one bath and a large main living area. Kitchen and dining are are of good size and the home has a very large back yard with a big storage building. Recent updates include a new electrical panel, new electric cooktop, new water heater, replaced main sewer line. The original wood flooring is in good condition and flows throughout the home with ceramic tile installed in the bathroom and kitchen. The garage has been enclosed and is currently used for storage. There are washer and dryer connections in the kitchen and the tenant pays all utilities.
Features of 1117 La Monte Drive
| MLS® # | 20551336 |
|---|---|
| Price | $70,000 |
| Units | 1 |
| Bedrooms | 3 |
| Full Baths | 1 |
| Building Area Total | 1,400 |
| Acres | 0.36 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1117 La Monte Drive |
|---|---|
| Subdivision | Bluff View Estates 4th Addition |
| City | Brownwood |
| County | Brown |
| State | TX |
| Zip Code | 76801 |
Amenities
| Utilities | All Weather Road, Cable Available, City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Phone Available, Asphalt, Overhead Utilities |
|---|---|
| Parking Spaces | 1 |
| Garages | Driveway, On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Built-in Features, Cable TV Available, Eat-in Kitchen, High Speed Internet Available |
|---|---|
| Heating | Space Heater |
| Fireplace | No |
Exterior
| Exterior Features | Storage |
|---|---|
| Lot Description | Few Trees, Interior Lot, Lrg. Backyard Grass, Level |
| Roof | Composition |
| Construction | Siding |
| Foundation | Pillar/Post/Pier |
School Information
| District | Brownwood ISD |
|---|---|
| Elementary | Northwest |
| Middle | Brownwood |
| High | Brownwood |
Additional Information
| Net Operation Income | $7,297 |
|---|---|
| Gross Annual Income | $9,000 |
| Gross Annual Expenses | $1,703 |
| CapitalizationRate | 10.42 |
Unit 1 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 1 |
| Rent | $690 |
| SqFt | 1,400 |
Listing Details
| Agent | Justin Riggan |
|---|---|
| Office | KWSynergy |