MLS: 10375489
422 Rutland Road S
1800 sqft
3 Bedrooms
2 Bathrooms
$587,000
Excellent opportunity for first-time buyers and investors alike! This move-in ready 3 bedroom, 2 full bathroom half duplex offers flexibility, updates, & income potential in a convenient central location close to transit, schools, and shopping. The upper level has been newly renovated with fresh paint, new flooring, & upgraded Starline windows creating a bright, modern living space. Major upgrades have already been completed including a newer roof, furnace, gas hot water tank, appliances, & updated shower allowing for low maintenance ownership & peace of mind. The lower level features a self-contained 1 bedroom suite with separate laundry, ideal as a mortgage helper or for extended family living. It was a two bedroom & with the replacement of one wall it could easily be converted back. Outside, enjoy a large fenced backyard, two storage sheds, & abundant parking for multiple vehicles or recreational toys. Whether you’re entering the market or expanding your investment portfolio, we believe this price offers great value when compared to similar units sold & considering the revenue this home can bring as a rental. The main level fetches $2100 a month, the lower level could currently bring in around $1400 as is, or possibly up to $2100.00 if improved. We are looking at approximately $3,500.00–$4,200.00 per month of rental revenue. At a borrowing cost of approximately $500 a month per $100,000.00 borrowed, this home should be cash flow positive at the listed price. (id:6770)
Investment Opportunities 3+ bedrooms Single Family Home < 1 Acre New
Listed by Jason Puetz
Century 21 Assurance Realty Ltd
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Overview
- Price $587,000
- MLS # 10375489
- Age 1972
- Stories 2
- Size 1800 sqft
- Bedrooms 3
- Bathrooms 2
- Cooling Window Air Conditioner
- Water Irrigation District
- Sewer Municipal sewage system
- Listing Agent Jason Puetz
- Listing Office Century 21 Assurance Realty Ltd
Contact an agent for more information or to set up a viewing.
Listings tagged as Single Family Home
Listings tagged as 3+ bedrooms
Content tagged as Kelowna
Listings tagged as Investment Opportunities
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