Investment Opportunity at 1020 Pillow Ave – A Solid Addition to Your Rental Portfolio
Welcome to 1020 Pillow Avenue, a charming and spacious rental property that offers both value and potential for investors seeking steady cash flow and a well-maintained asset. Built in 1950, this home boasts 1,520 square feet of living space, featuring four bedrooms and two full bathrooms—perfectly suited for families or tenants looking for comfortable and affordable housing.
This property is currently vacant and ready to rent, with a targeted monthly rental income of $700, making it an ideal addition to any rental portfolio looking to expand in the area.
Property Overview
- Address: 1020 Pillow Ave
- Year Built: 1950
- Square Footage: 1,520 sq ft
- Bedrooms: 4
- Bathrooms: 2
- Current Status: Vacant, ready to lease
- Target Rent: $700/month
Why This Property Stands Out
One of the most compelling reasons to consider 1020 Pillow Ave is its solid foundation and strategic layout. The four-bedroom, two-bathroom floor plan offers ample room for tenants, catering well to families or groups who require space. The home’s size is generous without being overly large, making it easier to manage while still providing tenant comfort.
The kitchen comes equipped with essential appliances, including a stove and refrigerator, which simplifies the move-in process for renters and increases the appeal of the unit. Additional features such as a window air conditioning unit and gas wall heat ensure the home stays comfortable through the changing seasons, appealing to a wide tenant demographic.
Investment Potential
For investors, rental properties like 1020 Pillow Ave provide steady income and long-term equity growth opportunities. This home has been part of a strong management history, overseen by a trusted local property management company known for its professionalism and expertise in the region.
The management team handles everything from tenant screening and rent collection to maintenance coordination and financial reporting. This means that you, as the property owner, can enjoy passive income with minimal day-to-day involvement.
Strong Property Management
A standout feature of this investment is the leading resource in property management associated with this property. Good management is critical for maintaining occupancy rates, reducing vacancy periods, and ensuring the property remains in good condition—factors that directly impact your net income and return on investment.
This established management company has a proven track record of keeping tenants happy, addressing maintenance promptly, and maintaining detailed financials that give owners transparency and peace of mind. This is invaluable, especially for investors managing multiple properties.
Cash Flow and Financials
The property’s target rent of $700 per month creates an attractive cash flow opportunity, especially considering the home’s size and the current rental market. With a steady rent stream and strong management, this property can contribute positively to your monthly income.
Investors are encouraged to request detailed profit and loss statements (P/L), maintenance logs, and other operational documents to better understand the financial health and history of the property. These records provide insights into expenses, capital improvements, and maintenance, allowing for well-informed investment decisions.
Maintenance and Condition
While the home dates back to 1950, it has been well cared for, with necessary maintenance performed on time to keep it functional and safe. The gas wall heater and window AC system offer reliable climate control, minimizing the need for costly HVAC replacements in the near future.
Given its age, there is opportunity for modernization and upgrades—potentially increasing rent and tenant satisfaction further. Investors with a vision for light renovation or cosmetic enhancements could see added value, boosting both rental income and property value over time.
Location Benefits
1020 Pillow Ave is situated in a neighborhood that balances residential calm with convenient access to local amenities, schools, shopping centers, and transportation routes. This accessibility is attractive to tenants, making it easier to maintain high occupancy rates.
Being located in an area with demand for rental homes ensures that your investment will be sought after by potential tenants, particularly families who value the four-bedroom layout and comfortable living spaces.
Ideal Tenant Profile
The four-bedroom layout lends itself perfectly to families, roommates, or groups seeking shared housing. The two full bathrooms help accommodate larger households comfortably.
The inclusion of appliances and functional heating and cooling means tenants can move in quickly with minimal hassle, which is a significant plus for tenant retention and turnover reduction.
How to Proceed
For those interested in viewing this property, professional tours can be arranged quickly, allowing potential investors or buyers to see firsthand the value and potential this home offers. With a vacant status, it’s easy to schedule visits without disrupting current tenants.
To explore financial details, including profit and loss reports, maintenance histories, or any other specifics about 1020 Pillow Ave, prospective buyers should contact the listing agent directly.
Contact Information
For more information or to schedule a viewing, please reach out to:
Seth Rodgers
Phone: 731-618-7925
Email: Seth@Renshawcompany.com
Seth can provide all relevant documents, answer questions about the property, and assist you with next steps for this promising investment opportunity.
Final Thoughts
1020 Pillow Ave presents an excellent opportunity for investors looking to acquire a solid rental property in a desirable area. The four-bedroom, two-bathroom home offers a mix of comfort and practicality, paired with a manageable target rent and strong property management.
Whether you are a seasoned investor or just starting to build your portfolio, this property stands out as a value-packed asset with immediate income potential. The existing features, size, and location combine to create a home that appeals to a broad range of tenants.
With its vacant status and move-in ready condition, this property invites you to step in, take control, and start benefiting from a trusted rental income stream right away.
Don’t miss your chance to add this valuable asset to your real estate holdings. Call or email today to learn more or arrange a tour. Your next profitable investment is waiting at 1020 Pillow Ave!
From Zillow
