5 Bed 3 Bath Multi-family For Sale $875,000 2,970 sqft ($295 per sqft)
Broker: Shameika Wade Compass
Exceptional Live/Invest Opportunity: Choose to have a high income producing rental or an excellent investment property at a rare 6%+ cap ratio - take
...read moreExceptional Live/Invest Opportunity: Choose to have a high income producing rental or an excellent investment property at a rare 6%+ cap ratio - take your pick!
1685 Park Place is a three story, two family with parking! Configured as an upper 3-bed;2-bath duplex w/washer;dryer and dishwasher over a 2-bed; 1-bath rental, the home offers a great opportunity for an owner to spread out across a large upper duplex with access to the backyard from a sizeable deck and rent the ground floor 2-bed or rent the entire property. Both apartments offer spacious floor plans due a building built size of 22ft wide x 45ft deep and sits on an extraordinarily rare deep lot 128 ft deep.
Bring your contractor to assist with a modest cosmetic renovation consisting of updating appliances, removal of carpeting and painting. Once complete, reap the reward of a projected rent roll of $72,000 pr/yr.
Located in trendy and historic Weeksville, benefit from close proximity to neighborhood conveniences including supermarkets, banks and access to 2,3,4 trains at Utica Avenue Station. Call for your appointment to view today.
