Description
2 family, detached home in the heart of Essex County. Possible 3rd unit but must be confirmed with the city. Partially finished basement that contains one room and one full bath. New windows, roof, siding and hot water heaters. Hardwood floors throughout the home and beautiful bay window in the front first floor room. Double lot, detached garage which is in need of repair but is fitted with electric. Wrought iron fencing and mature landscaping. Near shopping and major roads. Walking distance to neighborhood parks and eateries. Excellent investment opportunity. All leases are expired and tenants will vacate prior to closing. Potential rent prior to renovations for the 2 bed units approximately $1,600/month and post renovations approximately $2,100/month. Potential rent prior to renovation for the 1 bedroom unit approximately $1,000/month and post renovation approximately $1,300. Potential for a studio apartment in the finished basement as long as the city will approve. Home being sold in as-is conditions. This is an estate sale.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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2,500SQFT
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$200$/SQFT
Description
2 family, detached home in the heart of Essex County. Possible 3rd unit but must be confirmed with the city. Partially finished basement that contains one room and one full bath. New windows, roof, siding and hot water heaters. Hardwood floors throughout the home and beautiful bay window in the front first floor room. Double lot, detached garage which is in need of repair but is fitted with electric. Wrought iron fencing and mature landscaping. Near shopping and major roads. Walking distance to neighborhood parks and eateries. Excellent investment opportunity. All leases are expired and tenants will vacate prior to closing. Potential rent prior to renovations for the 2 bed units approximately $1,600/month and post renovations approximately $2,100/month. Potential rent prior to renovation for the 1 bedroom unit approximately $1,000/month and post renovation approximately $1,300. Potential for a studio apartment in the finished basement as long as the city will approve. Home being sold in as-is conditions. This is an estate sale.
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