Property Description

This unique 3 unit property offers a versatile layout ideal for both investors and owner occupants. One side of the building features a spacious 3 bedroom 1 bath home, while the other side is configured as two 1 bedroom apartments. The single family portion and first floor apartment are currently occupied, providing immediate rental income, while the second floor unit is vacant and ready for lease or owner occupancy. Situated on a large corner lot, the property stands out with ample outdoor space and added income potential. A detached two car garage presents an additional rental opportunity, complemented by three off street parking spaces for tenants, a major convenience and value driver. Whether you are looking to expand your portfolio, execute a value add strategy, or house hack by living in one unit while the others offset your mortgage, this property checks multiple boxes. Strong fundamentals, multiple income streams, and room to increase rents make this a solid long term play. Once stabilized, the property has the ability to produce $42,600 in gross annual rent, further enhancing its appeal as a reliable income producing asset.

Property Features

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