Are you looking for a robust investment opportunity with versatility to match your portfolio needs? Consider this exceptional property. This well-maintained asset has been recently updated with new windows, boiler, upgraded stairs and decking, fresh paint, landscaping, resurfaced front porches, and reconfigured parking. It also includes a fully insulated 12x15 accessory dwelling unit (ADU) equipped with hydro, with water/plumbing permits on the way and expected to be finalized before closing. The property has potential for heritage designation, appealing to those with an interest in preserving character real estate. Additionally, it offers an option to be restored to a side-by-side executive duplex, blending seamlessly with the distinguished homes in this affluent neighborhood. Currently generating a gross income of $126,780 across its six units, this property has appreciated significantly purchased at $1.52M and now appraised at over $1.9M. It also qualifies for an MLI Select mortgage, making it an appealing addition to your investment strategy. Full financials available upon request. (id:47423)
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Detailed Information
Bedrooms
8
Bathrooms
6
Lot
56.25 x 74 ft
Listing Contract Date
2024-10-30
Location Description
AT N/E Corner of Mar
# of Parking Spaces
2
Property Type
Multi-family
Transaction Type
For sale
Building
Basement Development
Partially finished
Basement Type
Partial (Partially finished)
Exterior Finish
Stucco, Wood
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Other
Utility Water
Municipal water
Land
Total Size
56.29 x 74 FT
Sewer
Sanitary sewer
Size of Irregular Land
56.29 x 74 FT
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