638 Cherry Street

INVESTOR ALERT!!! Two (2) single-family homes on one lot currently drawing $16,680 year in rental income with 100% occupancy. Using the Income Approach to valuation, this property is priced $20K below market (see Income Approach Market Analysis in attached documents). Each cottage consists of 1 living area/kitchen, 1 bedroom, & 1 full bathroom. The larger of the two cottages has 480 square feet of living space, & the smaller of the two has 369 square feet of living space. This property may only be shown upon execution of a contract as both units are tenant occupied. Both cottages have a NEW roof, soffit, facia, exterior paint & AC unit. The windows in both units are approximately 10 years old. Lastly, the property has enough lot space to the West-side that it could potentially accommodate a 3rd cottage per the Seller.