Income-producing three-unit detached investment property located just off Routes 78 and 22, conveniently close to shopping and dining, offering strong rental appeal and commuter access. The building consists of two 1BR/1BA first floor units and one 2BR/1BA second-floor unit, all occupied by reliable, long term tenants. First floor tenants are on month to month leases and second floor tenant is on a year-long lease, renewing in July. Rents are currently below market offering a clear value-add opportunity for increased cash flow over time while generating immediate income from DAY 1. One of the tenants participates in a housing voucher program. The property features a shared front vestibule entrance, backyard space, rear porch, side balcony, and a washer/dryer in one of the first-floor units. Tenants pay heat and electric, helping keep operating costs manageable, while the current owner covers trash, water and sewer. Additional income is generated from a detached garage, consisting of 2 double bays and 1 single bay, each currently rented to separate tenants. A straightforward, easy-to-manage investment with built-in upside, ideal for seasoned investors, those beginning to build a portfolio or an owner-occupant seeking to offset living expenses while building equity. This property has been consistently rented and well maintained by long-time ownership. Properties like this are increasingly hard to find - schedule your appointment today. Property comes with a clear CO. -
Active
$495,000
Single Family / Detached
3,113 Sqft
0.14 Acre
774138
2 Stories
Built in 1900
Not in Development
5763.25 ()
Disclaimer: The information contained in this listing has not been verified by Coldwell Banker Hearthside and should be verified by the buyer.