$675,000

This is a beautiful, historic four-plex located at the corner of Rodney and 7th, currently operated as Helena Accommodations, an extended stay business, and features four remodeled, fully furnished apartments. Units vary between 750-1000 sq ft and three of the units have washer/dryer's located within the unit. According to the historic registry this house was built in 1880 Robert and Elizabeth Fisk and is surrounded by other beautiful victorian homes, many of which are used as B&B's. Continue to run this as in the extended stay model (guests usually stay 1-3 months ($2200), however there is currently a 12 month lease in place at $1900 per month) or convert the units back into long term rentals. This is a highly desirable location, located near downtown, the Rodney Arts District and many other amenities and has a proven reputation as a profitable rental. Interior photos to come or can be found businesses website. Included in listing (30008152) or can be purchased on it own. Current rents vary with length of reservation but there is a one year lease in place at $1900 per month and it is common to have reservations at $2200 per month. Management supplements longer reservations with shorter stays via Airbnb, thus eliminating vacancy. If converted back into long term rental (unfurnished), the apartments would rent for around $1100-$1200 per month with tenants paying their own gas.