The seller purchased the home as his primary residence/house hacking in 2024. He's since taken a job out of town, so he no longer lives in the building.
1. Current Rent Roll:
• Unit 1: Listed for lease @ $1,500/mo — strong application, tenant moving in March 28
• Unit 2: AirBnB income (also leased via Furnished Finder)
• Unit 3: Month to month @ $1,450/mo — tenant has been there 5 years
• Unit 4: Leased at $1,700/mo
2. Buyer Agent Commission (BAC): 2.5%
3. Mechanical Systems: Please see attached previous inspection report. He has updated electrical since purchase. Each unit has its own electrical meter and water heater.
4. Operating Expenses:
• Insurance: $7,246/yr (agent notes this seems high — recommends shopping around)
• Taxes: $15,676/yr