Explore this meticulously renovated home, presenting a lucrative investment opportunity with potential monthly earnings of up to $6,000. This expansive property boasts 7 bedrooms on a sizable lot of 79.81 x 216.9 feet. The main floor features 4 bedrooms, complemented by 3 additional bedrooms in the newly renovated basement. Each level includes complete living areas, fully equipped kitchens, and modern bathrooms, perfect for generating rental income, accommodating in-law suites, or multi-generational living. With a separate basement entrance ensuring privacy and convenience, the property offers flexibility—live in one section while renting out the other, or maximize returns by leasing the entire space. Benefit from a strong cap rate ranging from 8% to 10%. Additional features such as a durable metal roof, an extended paved driveway for 8 cars, and a spacious backyard enhance rental appeal. Positioned on an expansive lot, this property not only provides a comfortable residence but also promises a path to financial success. Schedule a showing today to witness the potential for profitable returns and adaptable living arrangements—your journey to financial freedom begins here! (id:47423)
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Detailed Information
Bedrooms
4+3
Bathrooms
2
Lot
80 x 217 ft
Amenities Nearby
Park
Community Features
Quiet Area
Equipment
Water Heater
Features
Southern exposure
Listing Contract Date
2024-06-20
Location Description
Fairview / Westminster
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
R2-2
Building
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer
Basement Type
None
Constructed Date
1952
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick
Fireplace Fuel
Wood
Fireplace Present
Yes
# of Fireplaces
1
Fireplace Type
Other - See remarks
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1.5
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
11'0'' x 10'0''
Bedroom
Second level
11'0'' x 10'3''
Bedroom
Second level
10'0'' x 9'0''
Primary Bedroom
Second level
15'0'' x 11'0''
3pc Bathroom
Basement
Measurements not available
Kitchen
Basement
6'0'' x 5'0''
Bedroom
Basement
8'6'' x 9'9''
Bedroom
Basement
8'0'' x 10'6''
Bedroom
Basement
9'3'' x 10'7''
4pc Bathroom
Main level
Measurements not available
Living room
Main level
15'0'' x 11'0''
Kitchen
Main level
13'0'' x 11'0''
Parking Spaces
Name
Spaces
None
Land
Total Size
under 1/2 acre
Amenities
Park
Sewer
Municipal sewage system
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