1319 -1321 E 56th Street. Duplex. Front house is 3 bedroom /1 bath. Back house is 3 bedroom / 1.5 bath. Currently converted to one house. Seller is residing in the property and using it as a 6 bedroom / 3 bath. Seller has been there over 30 years. Both units are connected. Both units can easily be converted back by putting wall back up to separate the units and use as two income producing properties or one big 6/3 SFR. Front house can rent for $1,500 per month and back house can rent for $1,500 per month. Total $3,000 per month. This will be positive cash flow for an Investor putting 20% down. $951 PI @4% + 259 Taxes + 90 fire insur. = $1,300 total. - That could be $1,700 positive cash flow and wonderful income producing property !
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