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$360,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,933 |
1966 |
|
On the market:
1 day
foreclosure
|
View full details, photos, school info, and price history
706 Jones Mill Rd is a fully remodeled 4-bedroom, 2-bath brick ranch over a basement located on a corner lot with a fenced-in backyard, just less than 5 minutes from downtown. The home offers a great combination of modern updates, strong rental demand, and convenient location.
The property has been completely renovated cosmetically, including:
New flooring throughout the home
Both bathrooms fully remodeled with tile flooring, brand-new tiled showers, glass shower doors, and new vanities
Fully updated kitchen with brand-new cabinets and countertops
Fresh interior and exterior paint for a modern appearance
New gutters
Covered front porch
Updated finishes throughout the entire home
The home is currently operated as a room-by-room rental property, providing strong monthly cash flow. All tenants are on one-year leases and are responsible for their own utilities, which keeps owner expenses low and increases overall cash flow.
Current Rental Breakdown:
Bedroom 1 (Upstairs): $650/month – $650 deposit – 1-year lease
Bedroom 2 (Upstairs): $650/month – $650 deposit – 1-year lease
Bedroom 3 (Upstairs): $650/month – $650 deposit – 1-year lease
Master Bedroom Suite (Downstairs with private bathroom): $1,100/month – $650 deposit – 1-year lease
Total Monthly Rental Income: $3,050/month
The downstairs master suite also has additional unfinished basement space nearby, offering storage or potential future value-add opportunities.
With its prime location near downtown, fully updated interior, fenced yard, and strong rental income with tenants paying utilities, this property is a high-performing cash-flow investment with minimal ongoing expenses.
Listing courtesy of Devon Spires, Dwelli Inc.