Fully rented out 2 family home for sale by owner in Teaneck. Perfect as a turn key investment. Tenants under existing leases are up for renewal in May. Rent is below market value and there is no rent stabilization for this property. Seperate utilities and heating systems for each rental unit. Landlord only pays for water approximately $80/month. Home is renovated top to bottom no need to put in any work. Just close on the property and cashflow from day one. Well qualified tenants with good incomes. Each tenant is required to maintain their own renter's insurance policy. Tenants have never been late once in all of their rental history. Leases and history of cashed rent checks available. There is detached 2 car bay garage. Excellent opportunity to subdivide 2 car bays and rent for storage. Property can be monetized all sorts of ways... Gross Monthly Rent: $3650 2nd Flr: Rent $1150/month 2 bedroom 1 bathroom unit with a modern renovated bathroom. Central Air HVAC System. Tenants have lived there for 8 years plus. Market rent should be $1450. 1st Flr: Rent $2500/month 3 bedroom 1 bath large spacious bedrooms, and living/dining area. Modern renovated bathroom and kithchen. Basement: 1 bedroom 1 bathroom inlaw suite occupied by the 1st floor tenants. ***Tenant occupied do not disturb without prior appointment from landlord. ***Owner is a licensed Realtor
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