Coincidentally, this week I’ve also seen a few homes that offer solid income potential. Each is a little different, but here they are:
#21606888
25 Wohelo Drive, North Falmouth
$448,000
This is a younger split entry in North Hill, a favorite family neighborhood. The lower level is an illegal apartment currently lived in by an older parent. It would probably rent for $1000-1200 a month. The downside is that it is open to the rest of the house, and the house itself needs some sprucing up. This would be ideal as an in-law, or separate quarters for someone connected with the owners.
#21606746
28 Heather Lane, North Falmouth
$459,900
Also in North Hill, this is a 2,306 s.f. Colonial with a completely separate first-floor apartment, currently occupied by an active single woman in her 60’s who would like to stay. She pays $1200 a month rent, so this house will appeal to anyone who wants to reduce living expenses substantially while still retaining privacy and having comfortable spaces of one’s own. I picture this as a second-home owner, here on weekends. What a great opportunity!
#21605156
49 Silver Beach Avenue, North Falmouth
$549,000
Here’s your grandparents’ beach house, complete with natural wood beadboard, narrow staircase and hallways, vintage kitchen and baths, and entry through the sunporch that runs the length of the front of the house. No central air, but New Silver Beach is a quick walk, and the house generated $20,000 from one July 1 – September 1 rental this summer. That’s a pretty good return on investment, one that’s hard to match with most investments!