Description
Your chance to buy a duplex, add value, and potentially live for little to no rent is here! Over-under style duplex with completely remodeled upstairs unit, and downstairs unit ready for remodel. Upstairs received all new flooring, new drywall, paint, new wiring, new plumbing, countertops, and bathroom in mid 2020. It is currently leased for $1,050/month. Downstairs was leased for $1,100 in current condition before the tenant moved out. It will not take much to get back into rentable shape. The building has received a new roof and siding in 2019, many plumbing upgrades in the basement, and plenty more upgrades. All utilities are paid by tenants, thanks to some recent upgrades to the utility systems and private water meters. Professional management in place and ready to transfer to new ownership if desired. On top of all of that, the building was recently reassessed, and subsequently appealed to a significantly lower assessment, resulting in much lower cost of ownership. See documents for official letter, and assessment portion of listing. You don't want to miss this. Multi family properties with both value-add opportunity AND in place tenants don't come around very often, and we expect this to move quickly at this price.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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1,491SQFT
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$124$/SQFT
Description
Your chance to buy a duplex, add value, and potentially live for little to no rent is here! Over-under style duplex with completely remodeled upstairs unit, and downstairs unit ready for remodel. Upstairs received all new flooring, new drywall, paint, new wiring, new plumbing, countertops, and bathroom in mid 2020. It is currently leased for $1,050/month. Downstairs was leased for $1,100 in current condition before the tenant moved out. It will not take much to get back into rentable shape. The building has received a new roof and siding in 2019, many plumbing upgrades in the basement, and plenty more upgrades. All utilities are paid by tenants, thanks to some recent upgrades to the utility systems and private water meters. Professional management in place and ready to transfer to new ownership if desired. On top of all of that, the building was recently reassessed, and subsequently appealed to a significantly lower assessment, resulting in much lower cost of ownership. See documents for official letter, and assessment portion of listing. You don't want to miss this. Multi family properties with both value-add opportunity AND in place tenants don't come around very often, and we expect this to move quickly at this price.
©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-04T10:53:28.787.