ATTENTION INVESTORS - ARE YOU LOOKING FOR YOUR WINTER PROJECT? LOOK NO FURTHER! Legal 2-family home in just under 2,000 square feet, currently used as a single family home. Prime for condo conversion or to renovate, rent, and hold. All systems are set up to be easily converted back to two units. Two electric meters, two gas meters, two heating systems, two hot water tanks, etc. Let's do the math - If you purchase this property for $600,000 and invest a further $100,000 into it to create two nice rentable units (a 1 bed and a 4 bed) you could conservatively expect to generate $6,000 per month or $72,000 annually. THAT EQUATES TO A 10.3% CAP ON YOUR $700,000 TOTAL INVESTMENT. This one just makes sense. Delivered vacant at closing. Showings will begin this weekend at the open houses. Offers, if any, will be reviewed Tuesday (10/20) at noon. Seller reserves the right to accept an offer at any time. Please make all offers good until 10/21 at 5pm.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
