Unique opportunity. Amazingly versatile. Two separate units (one 1 bedroom & 1 studio) adjacent to each other but not connected. Originally built this way but with only one permanent parcel number. HOA fee covers both units (including all utilities) PLUS indoor garage space. Possibilities are: 1) Live in one, rent the other. 2) Rent both with 14% cap rate (at current rents.) 3) Live in one, in-law or adult child in other - living close enough but not together. 4) Inexpensive pied-de-terre for part time use while rent covers the cost. 5) Live in one and deduct the other as office space. AND MORE. So many possibilities! Current rents as follows: One bedroom rents for $800/month. Studio rents for $500/month. Indoor garage space rents for $75/month. Pet friendly building. No assessments. Moments to downtown. Walk to Edgewater Park, shopping, etc. Public transportation available. Beautiful Lake Erie setting. Pool. Roof deck.
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