Tommy Wiles
Agent
Looking for a rental that already pays for itself? This charming 1910 bungalow at 219 3rd St sits on a corner lot in Crawford and comes with a tenant already in place - meaning cash flow starts the day you close, not months down the road.
The home offers 1,125 square feet of comfortable one-story living with 2 bedrooms and 2 bathrooms, forced-air heating and cooling, and classic character throughout - vintage leaded-glass windows, an enclosed front porch, and a vine-covered exterior that gives the place real curb appeal. The corner lot location means extra light, easy access, and a great look from the street - the kind of detail tenants and future buyers both notice.
Here's the number that makes this one stand out: current rent is $1,000 a month, which pencils out to $12,000 a year in gross rental income on a $79,900 asking price. That works out to a gross rent multiplier of about 6.7 - squarely in the range investors typically target for a solid-performing rental - and a great starting point for anyone building a rental portfolio or looking to add a low-cost, income-producing property to their lineup. The seller currently covers utilities, so incoming owners should factor that into their operating numbers, but even accounting for that, this is a rare combination: an occupied, income-producing property at an entry-level price point in a market where replacement cost alone would run well above the list price.
Whether you're a seasoned investor looking to add a reliable performer to your portfolio, or a first-time landlord wanting a low-barrier way to get started, 219 3rd St offers immediate income, a manageable price point, and a great corner-lot location in Crawford. Properties like this - tenant-occupied, cash-flowing, and priced to move - don't sit on the market long.
Showing Instructions:
Current tenant in place. 24-hour notice minimum.
#1 Properties Ranch & Recreation LLC uses reasonable efforts in collecting and preparing materials and information regarding properties. While the information is believed to be reliable, due to the rapidly changing nature of the real estate market and our reliance on information provided by outside resources, the information is not guaranteed. Information is also subject to change, withdrawal, or correction.
Potential purchasers should independently verify any information and conduct their own due diligence. #1 Properties Ranch & Recreation LLC makes no representations or warranties about the property or the accuracy or completeness of the information concerning the property, including, but not limited to, each of the following: (a) acreage counts and legal descriptions, (b) distances, sizes, square footage, and other measurements, (c) water and mineral rights information, and (d) soil types, production, carrying capacity, or income potential.
Information is only provided for the purpose of assisting potential purchasers in identifying prospective properties they may be interested in purchasing. #1 Properties Ranch & Recreation LLC is not liable for any inaccuracies, errors, or omissions regarding information about the property or losses that result from the use of this information. Potential purchasers should conduct their own due diligence including, but not limited to, a legal and financial review before purchasing.
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