1208 Terrace St
Close to downtown, 12 bedrooms, 2 bathrooms. Boarding house currently used for substance use recovery. Current net income is $30,000/yr with potential increase of approximately $25,000/yr by adding 6 more tenants at $350/mo. Half of the rooms can accommodate 2 tenants. Possible owner contract with a significant down payment. Buyer to verify square feet to their satisfaction.The house operation numbers shared in the documents of the listing are numbers given to the owner by the nonprofit running the ministry of recovery in the house and are no indication of future costs and owner will not be held responsible for their accuracy. Buyers shall do their own due diligence when evaluating future profits.
Listing courtesy of Wilson Real Estate Management LLC