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An aerial perspective showcases a classic multi-family residence featuring a covered front porch and dormer windows.

A classic multi-family structure stands prominently along a paved city street with mature trees.

Classic multi-family structure features a stone-accented front porch and traditional clapboard siding.

Distinctive architectural details define this multi-story property with a welcoming front porch.

Classic architectural details frame this multi-story exterior featuring a welcoming front porch and decorative shutters.

A classic multi-story residence with a welcoming covered front porch and stone-accented foundation.

Warm wood flooring and classic chair rail molding define this versatile living space.

Gleaming wood floors and classic chair rail molding define this versatile living space.

Tiled flooring and a single vanity maximize space in this functional bathroom layout.

A classic radiator and glass shower enclosure complement the tiled floor in this cozy bathroom.

Functional utility space features durable tile flooring and classic baseboard radiator heating.

Functional kitchen design showcases timeless wood cabinetry paired with practical tiled flooring.

Gleaming hardwood floors and classic chair rail molding define this versatile living space.

Rich wood flooring and classic chair rail molding define this versatile living space.

Rich wood flooring runs throughout this versatile space trimmed with classic chair rail molding.

Rich wood flooring runs throughout this versatile interior living area accented by detailed trim work.

Rich wood-toned flooring and classic chair rail molding define this versatile living space.

Rich wood floors and classic chair rail molding define this versatile living space.

Gleaming hardwood floors and classic chair rail molding define this versatile living space.

Angled ceilings and durable wood-look flooring define this versatile upper-level space.

Sloped ceilings and durable wood-look flooring define this versatile attic space.

Angled ceilings and durable wood-look flooring define this versatile upper-level bonus room.

Rich wood-toned flooring and classic trim highlight this versatile bonus room.

Angled ceilings and durable wood-look flooring define this versatile attic bedroom space.

Rich wood flooring anchors this versatile space, highlighted by a classic multi-lite window.

Rich wood flooring runs throughout this versatile room, detailed with classic baseboard molding.

Polished wood floors and a classic bay window bring historic warmth to this versatile space.

Rich wood floors and a classic bay window anchor this versatile interior space.

Gleaming wood floors pair with classic trimwork inside this versatile room.

Gleaming wood floors and crisp trim enhance this versatile bedroom space.

Gleaming hardwood floors and classic moldings enrich this versatile secondary bedroom space.

Classic tiling and a large sash window define this functional half bath.

Tiled walls and classic details define this functional bathroom space.

Classic wooden cabinets and durable tile flooring define this functional kitchen space.

A classic multi-family structure stands prominently along a paved roadway lined with mature trees.

An aerial perspective showcases the property positioned in a vibrant neighborhood with urban conveniences nearby.

An aerial view showcases a vibrant neighborhood nestled among mature trees and rolling hills.

Lush green hills frame this elevated view of a historic neighborhood street intersection.

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Description

Turnkey 2-Unit Investment - Elite 8.79% Actual Cap Rate with Massive Capital Updates & Value-Add Utility Upside!Description:Attention yield-hungry investors and house-hackers! This meticulously maintained 2-unit multi-family property hits the market at an unbeatable $355,000, delivering a staggering 8.79% actual cap rate right out of the gate. Boasting an ultra-efficient 17.5% operating expense ratio, this property features highly optimized, separate tenant utility footprints that insulate your bottom line from tenant usage spikes.The heavy lifting has already been completely done for you. The building features an extensive list of high-ticket capital improvements engineered for longevity and rock-solid cash flow, including:* Completely Updated Electric: Both units completely rewired, including the installation of a dedicated landlord house meter.* Upgraded Mechanicals: Two brand new hot water heaters, two new energy-efficient boilers, and a newly installed chimney liner.* Modernized Plumbing Footprint: The entire plumbing system was strategically redesigned so that a new owner can easily separate the water and sewer lines per unit-offering a massive, low-cost value-add opportunity to bill 100% of utilities back to the tenants and explode your net returns.* Turnkey Interior & Exterior Updates: Brand new flooring installed throughout both units, multiple newly replaced windows, and a durable roof replacement (completed approx. 2013).The lower unit commands $1,475/month and the upper unit brings in $1,675/month, combining for a reliable $37,800 in annual gross income against microscopic owner expenses. Whether you want to collect passive cash flow on day one or live in one unit while letting the other pay your mortgage, this asset represents the ultimate inflation-proof addition to your portfolio. Schedule your tour today before this high-yield gem is gone!

Details

Features

Taxes

MLS Number: 783839

Listing Provided By: Joseph E. Paranee – jparanee@aol.com

Paranee Properties – (610) 691-7106 – paraneepropertymanagement@gmail.com