5 Bedroom
2 Bathroom
2060 sqft
Central Air Conditioning
Forced Air
$624,900
Fully renovated duplex with separate utilities and exceptional income potential. Currently vacant, offering the perfect opportunity for investors to set their own rents or for owner-occupiers looking to live in one unit while having the second unit help pay the mortgage. Unit 1 features 3 bedrooms and 1 bathroom, while Unit 2 offers 2 bedrooms + den and 1 bathroom. With projected market rents, the property is estimated to generate just under $50,000 in gross annual income and over $46,000 net income with a 7.4% Cap Rate Notable updates include new plumbing, electrical and breaker panels. One furnace replaced in 2023. Roof and majority of windows approximately 8 years old. 3 bedroom unit features two brand new exterior doors, while remaining windows,doors and roof were updated approximately 8 years ago. Turn-key opportunity with strong cash flow potential and flexibility for investors or multi-generational living. (id:51992)
Property Details
|
MLS® Number
|
40831389 |
|
Property Type
|
Multi-family |
|
Amenities Near By
|
Public Transit |
|
Equipment Type
|
Water Heater |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Total
|
5 |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Partial (unfinished) |
|
Constructed Date
|
1900 |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick, Metal |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2060 Sqft |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
132 Ft |
|
Size Frontage
|
32 Ft |
|
Size Irregular
|
0.1 |
|
Size Total
|
0.1 Ac|under 1/2 Acre |
|
Size Total Text
|
0.1 Ac|under 1/2 Acre |
|
Zoning Description
|
C7-2, Rc |