$569,900

About this home

Exceptional turnkey investment opportunity! This fully legalized up/down bungalow is ideally suited for investors seeking immediate cash flow with reliable rental income of $3070/month. Both the upper and lower suites are fully tenanted with quality tenants in place, offering a true plug-and-play investment from day one. The legal suite in the basement was professionally developed and legalized in 2019 and features 2 bedrooms, a den, a full kitchen, spacious living and dining areas, full-sized laundry, a private side entrance, and its own outdoor living space. The upper legal suite also offers a full kitchen, full-sized laundry, private front entrance, and front deck, creating two completely independent living spaces.The thoughtfully designed layout includes separate yard areas for each legal suite following the legalization, providing added privacy for both tenants. A large carport with additional storage adds further convenience and value.A strong income-producing property with an efficient operating structure, tenants pay the majority of utilities (owner responsible for water/sewer), and tenants are responsible for lawn care. Whether you're expanding your portfolio or purchasing your first investment property, this is a rare opportunity to acquire a fully legalized, income-generating property with excellent long-term potential. (id:66681)

Property details

Bedrooms

5

Bathrooms

3

Half baths

1

Year built

1978

Property type

Residential

Building type

Bungalow

Appliances

Refrigerator, Gas stove(s), Dishwasher, Stove, Hood Fan, See remarks, Washer/Dryer Stack-Up

Parking

Carport, Covered, Street (4)

Zoning

DC-16-C

Community

Big Springs

MLS®

A2327151

Days on market

46

Location