Two Duplexes next door to each other with garages joined by a circular drive. Wonderful corner Victorian home with much of the original woodwork and leaded glass windows still intact. This fully rented legal duplex must be sold simultaneously with fully rented duplex next door on tax ID 01-060-0034 or address 879/881 23rd St. This sale includes two duplexes on two separate tax ID's essentially making this a fourplex for one owner. Total price is $495,000. Total rent for the combined properties is currently $3,820 per month or $45,840 annually. Some utilities built into the rent. Rents are low for the market. Up and down duplex with second floor exterior access is 1 bed 1 bath and main floor with mother-in-law apartment is 3-4 bedroom, 2 bath, 2 kitchens. Many expensive non-cosmetic upgrades have been made including new roof (2018), upgraded electrical, updated plumbing, Roofline extension deck cover, exterior paint, some windows replaced, etc. (full list provided upon offer acceptance). An investment into cosmetic upgrades would further increase the total rent potential. The Side by side duplex has had a total electrical system overhaul with new wiring, outlets and dual meters and some windows have been replaced. Operating expenses and total square footage are reflective of both properties.
|--||New Value: $485,000|
|11/23/2020 4:31:49 PM||New Value: Under Contract|
|9/21/2020 4:32:10 PM||New Value: $485,000|
|8/13/2020 5:33:00 PM||New Value: $495,000|