Description
Have you dreamed of living in an updated, spacious house literally NEXT to Downtown GVL but couldn't afford it? Well here's your chance. Welcome to 114 N. Calhoun Street in the Historic West End, mere blocks from Main Street, the much anticipated Unity Park, the Swamp Rabbit Trail, and much more. The 3 bed/2.5 bath main home has a gorgeous kitchen with a granite island, walk-in pantry, home office, fully updated Owner Suite, and large laundry room! As if that was not enough, this property also features an additional detached 1-car garage that, in addition to the roughly 200 square foot office and full bath downstairs (PERFECT for a QUIET work space in the time of COVID), features a true 1bed/1bath rental unit above the garage. This practically new rental unit features a FULL kitchen with stainless steel appliances and granite countertops, LVP flooring for easy maintenance, and three mini-split units to efficiently heat and cool the entire unit. Tired of paying a mortgage? House Hack! The rental income of this unit can, based on past rental history, almost pay for your entire mortgage! Based on a full-price offer with 20% down and a 3.25% interest rate and current taxes, mortgage payments would be around $2,500 per month. Should rental rates remain consistent, revenue from the 1/1 rental unit would average around $2,000 per month (and some months as high as $2,500)! Although past performance does not necessarily guarantee future results, rentals next to downtown are in high demand! And did I mention the yard? It's completely separate from the rental unit, so you and your family can enjoy the professionally designed and landscaped backyard and roast marshmallows on the fire pit in private! Don't wait to see this one!
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4BEDS
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0.18ACRES
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4BATHS
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11/2 BATHS
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2400-2599SQFT
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$252$/SQFT
School Information
Description
Have you dreamed of living in an updated, spacious house literally NEXT to Downtown GVL but couldn't afford it? Well here's your chance. Welcome to 114 N. Calhoun Street in the Historic West End, mere blocks from Main Street, the much anticipated Unity Park, the Swamp Rabbit Trail, and much more. The 3 bed/2.5 bath main home has a gorgeous kitchen with a granite island, walk-in pantry, home office, fully updated Owner Suite, and large laundry room! As if that was not enough, this property also features an additional detached 1-car garage that, in addition to the roughly 200 square foot office and full bath downstairs (PERFECT for a QUIET work space in the time of COVID), features a true 1bed/1bath rental unit above the garage. This practically new rental unit features a FULL kitchen with stainless steel appliances and granite countertops, LVP flooring for easy maintenance, and three mini-split units to efficiently heat and cool the entire unit. Tired of paying a mortgage? House Hack! The rental income of this unit can, based on past rental history, almost pay for your entire mortgage! Based on a full-price offer with 20% down and a 3.25% interest rate and current taxes, mortgage payments would be around $2,500 per month. Should rental rates remain consistent, revenue from the 1/1 rental unit would average around $2,000 per month (and some months as high as $2,500)! Although past performance does not necessarily guarantee future results, rentals next to downtown are in high demand! And did I mention the yard? It's completely separate from the rental unit, so you and your family can enjoy the professionally designed and landscaped backyard and roast marshmallows on the fire pit in private! Don't wait to see this one!
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