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Exceptional Income-Producing Property with 2 Units and Potential for a 3rd Unit Discover the potential of this wonderful income-generating property featuring two fully functional units and the possibility of a third unit, all complemented by its own rear parking lot for added convenience. Property Highlights: First Floor Unit: Layout: Two bedrooms, kitchen, full bathroom, and living room. Upgrades: Equipped with a newer furnace and hot water heater. Utilities: Separate meter, with tenants paying for their own utilities. Second Floor Unit: Layout: Two bedrooms, living room, kitchen, full bathroom, and a bonus room currently used as a small bedroom. Utilities: Separate meter, with tenants paying for their own utilities. Third Floor Potential Unit. Need Bldg permits and possible variance. Utilities: Water, sewage, and gas line already brought into the third floor. Electrical: Separate fuse panel box. Progress: Mostly sheet rocked with two bedrooms, ready for final touches to become a complete unit. Building Details: Above Grade: 1828 sq ft Unfinished Square Feet: 800 sq ft Below Ground Square Feet: 300 sq ft Roof: Asphalt shingles Heating: Gas Investment Benefits: Reliable income from current tenants. Separate meters for each unit ensure that tenants cover their own utility costs. Opportunity to increase rental income by finishing the third-floor unit. Rear parking lots add significant value for tenants with vehicles. This property is a fantastic opportunity for investors looking to maximize their returns with a fully functional duplex and the added potential of a third rental unit. Don't miss out on this prime investment opportunity!
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Listing information last updated on July 17th, 2024 at 9:20am EDT.