Description

Two Homes – One Price | $7,500 Grant Eligible House Hack Rare opportunity to own two extensively updated single-family homes on one lot, creating flexibility that is extremely difficult to find at this price point. House Hack Opportunity This property is eligible for a $7,500 owner-occupant grant with no income restrictions, potentially covering most or all of your down payment and closing costs for qualified buyers. If house hacking is your goal, the next owner has the opportunity to move into one home while renting the other to offset the mortgage-without sharing a wall like a traditional duplex. Another option is to live next door to family or friends while maintaining completely separate homes and private living spaces. Investor Opportunity The property is currently leased for $1,700 per month in rental income ($850 per home) with tenants paying utilities, creating a simple low-expense rental setup. At the $185,000 list price, the property delivers approximately a 0.92% rent-to-price ratio. Current market rents for similar single-family homes are approximately $950-$1,000, providing a clear opportunity to increase rental income over time. Tenants have expressed interest in renewing their leases, offering the potential for continued stable occupancy for the next owner. You are effectively purchasing two renovated single-family homes for about $92,500 each, a price point where finding even one updated home is difficult-let alone two on the same lot. One home has been fully renovated down to the studs, including new drywall, flooring, kitchen, bathroom, and a full electrical rewire. Both homes have also received major improvements such as new roofs, many new windows, exterior updates, and separate electrical meters, helping minimize near-term maintenance. Two homes, rental income, house hack potential, and grant money available. Opportunities offering this level of flexibility and value are rarely available at this price point.