687 State St
2-Family Student Rental 7BR 2Ba 2,200sf
For Sale at $295,000
State St between Quail & Ontario - Large Kitchens & Living Rms
This is a turn-key student rental property. The 2-family house is in excellent condition and needs no repairs or improvements. 4 BRs on the 2nd floor and 3BRs on the 1st floor. The property was fully renovated in 2006. Includes all appliances (Fridges, ranges, DWs, Micro) with Washer/Dryer in the basement. Roof, boilers (2005 & 2015), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. It has off-street parking. It is fully rented through May 2023 and I am actively marketing it for the 24-25 School year. It has been rented to students every year, at ever increasing rents with never a vacancy in 17 years.
Seller is a very experienced student landlord and will provide the buyer with all the records, marketing materials, methodologies, and advice to succeed in the student rental market.
Downloadable Excel Pro Forma (image in pictures below)
 First Floor Kitchen. Built-in microwave has since been added. |  Large first floor kitchen - open to living room. |  newer kitchen picture with microwave |  Second floor kitchen. Floor has since been upgraded with laminate tile. |  2nd floor kitchen |
|---|---|---|---|---|
 1st floor Living Room looking to front of house |  Proforma |  First floor bath |  2nd Flr bath |  2nd floor vanity & storage |
 2nd Floor LR furnished |  2nd Flr LR furnished |  Huge 2nd floor LR with exposed brick chimney |  2nd floor LR looking at BR doors and stairwell door |  First floor LR looking to kitchen. Breakfast bar in LR. |
 Front BR, 2nd floor |  Front BR, furnished |  Large front BR 1st floor |  roof |  roof, looking forward |
 roof drain and added overflow |