This is a 22 foot wide house 3 story brick building, semi-attached, large remote controlled garage 12 ft x 20 ft deep enough for 1 car plus storage for lots of stuff. Driveway in front comfortably fits 2 cars. House is also longer from front to back meaning every bedroom is larger. Many multi-family homes in the neighborhood have 3 bedrooms, but our 3 bedrooms are bigger than the other homes and bigger is better. INCOME: The 3rd floor is currently rented and generates $30K yearly. RECENT IMPROVEMENTS; *New AO Smith Tankless water heater makes enough hot water for all 3 floors at the same time. 15 year limited warranty included. *The front brick face and the back were re-pointed. *New windows were installed in the whole building. *New steel back door in basement with lock installed. *All exterior walls were treated with Dry-Loc waterproofing and R30 insulation was installed for maximum heat retention. *Ceilings were insulated and sound proofing material installed as well. *New electric panels installed in each apartment and new breakers, new BX wiring where necessary and all outlets and switches upgraded. *New plumbing in kitchens and bathrooms, new toilets, new shower bodies, new drain pipes. *Main drain line and all secondary lines were snaked. *Laundry ready, a corner area in the garage has a new drain line and hot and cold water connections, electric and gas. All that is missing is a washer and dryer. *New modern stainless steel appliances in kitchens, new cabinets and countertop, new sink, faucets. While there is always something else to do in a house, we believe we took care of everything. APARTMENT 3: The 3rd. floor apartment kitchen has a large casement window bringing in sunlight and a wonderful breeze. There is a microwave oven over the stove with an exhaust fan vented to the outside. The refrigerator has a water and ice-cube dispenser. Dishwasher is quiet and efficient. New tiles in both bathrooms and kitchen floors. New everything and 3 large bedrooms. The master bedroom has it's own bathroom inside, a half bath. APT 2: The 2nd floor apartment is a duplex apartment with 2 bedrooms and a nice sized office space/study or playroom on the 2nd floor plus a kitchen, livingroom, dining room and full bathroom. There is a large balcony with new French doors. There is an interior hardwood staircase leading down to the 1st floor. Downstairs on the first floor is another full bathroom, one bedroom and living room. The first floor is also kitchen ready if needed with 30 amp dedicated electric outlet, hot and cold water connections, and drainage. It would be very easy to erect another kitchen on the 1st floor if ever necessary. There is a separate side entrance leading to the side yard and backyard which is quiet and fenced in. Basement is clean, painted and totally empty. Perfect for storage and takes up entire building footprint. Close to schools, very close to transportation Q38 bus stops less than 500 feet from house, close to Atlas Mall and great shopping and less than 10 minutes to the M and R subway trains. This purchase is perfect for a 1031 Exchange. If you or your friends are looking to do a 1031 Exchange, please consider this fine property.
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