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From Our Gallery
Description
TURNKEY DUPLEX-Cash-Flowing from Day One! This Legal Duplex is Fully renovated with Reliable tenants providing Immediate income. This is the kind of asset investors wait for: a completely updated, income-producing property with nothing left to do but collect rent. The numbers speak for themselves: Monthly Income-$4,200 ( tenants pay all utilities) Est. Mortgage payment - $2,300/mth @ Current variable rate on $450 K means a Net position- Positive cash flow from closing. Here's what's been done ( So you don't have to)... Every major system and finish has been upgraded in the past 2 years: Exterior-New Siding, newer windows, upgraded insulation, interior-new flooring, brand-new- kitchens with appliances, renovated bathrooms and in suite laundry on each floor. THE BONUS: There's Ample parking for both units. THE UNITS: Lower ( 2 Bed) Open -concept kitchen, dining, living area. Two large bedrooms with generous closet space. Covered patio with side-yard access. Upper (3Bed) Open-concept layout. Three large bedrooms, south facing deck, private entry with backyard access. Why this property: Proven tenants-long standing occupants with perfect payment history and Zero deferred maintenance. This is a fabulous investment in a market where multi-family inventory is tight. At this price point and cash-flow profile, hesitation is your only risk.
Location Description
STANHOPE RD & NORTH SHORE RD.
Property Detail
- Community: Stanhope
- Property Type: Tenant/Residential Freehold
- Bedrooms: 5
- Bath: 2
- Garages: None
- Annual Property Taxes : $ 1682
- sqft
Facts and Features
- Foundation Type: Poured Concrete
- Counstruction Material : Concrete Poured-Vinyl Siding
- Total Parking Space : 4
- Parking Type : None
Amenities
Listing Contracted With: Century 21 Granite Realty Group Inc.