$750,000
5
Beds
3
Baths
5,000
Living Area
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Property Description
2 Buildings one one deed- cannot be separated. Both renovated and updated. The two family is vinyl sided, recent roof, plumbing,electric, and hardwoods refinished 12 years ago. It includes one 2 bedroom unit, first floor one level living. Two family has lead certificates. Second unit is on the second and third floor, and is a 4 bedroom unit (third floor was separated into 2 bedrooms). New kitchen and flooring recently. The free standing commercial building, was gutted to the studs 12 years ago. Approximately 1,200 sq ft. The current tenant is a tattoo parlor. Building could easily be converted into a single residential, with potential to expanded the second level. Appliances owned by landlord other than washer and dryers. Tattoo parlor installed HVAC over electric heat and retains right to remove it when vacates. All long term tenants. TAW except commercial tenant lease ends June 2027. 4 bedroom rent could be higher, long term tenant. Turn-key investment property with a high cap rate at 8.7%
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Highlights
- Heating: Electric
- Parking Spots: 12
- Property Type: 3 Family - 3 Units Side by Side
- Total Rooms: 16
- Status: Active
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1934
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Stone
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Owner
- Year Built Details: Approximate, Renovated Since
- Zoning: mixed use
- Basement: Full, Interior Entry, Dirt Floor, Unfinished
- Flooring: Vinyl, Varies, Hardwood
- Foundation Area: 988
- Lot Features: Cleared, Level
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School
- Waterfront Features: Lake/Pond, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
- Parking Features: Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $514,200
- Tax Year: 2025
- Total Rent: $6,400
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 4(Water)
- Taxes: $6,884
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