Fantastic investment opportunity! This fully occupied property includes three spacious 2-bedroom, 1-bath units (412 #1-3) and a detached 1-bedroom, 1-bath home located at 416 Burgess. All tenants are long-term and pay their own utilities, providing reliable income with minimal landlord expenses. The detached home at 416 Burgess has been fully renovated with new flooring, paint, bathroom fixtures, cabinets, light fixtures, and appliances. The exterior has been freshly painted, replacement windows have been installed, and a new propane tank has been added. Additional improvements include new stair railings, waterproofed foundation with perimeter drainage, and a repaired retaining wall. The exterior stairs leading to the shared area above the garage have also been replaced. Units 1 through 3 in the main building each feature two bedrooms, one bath, a living room, kitchen, and sunroom. The electrical system was completely replaced and brought up to code in July 2024. The building now boasts new vinyl siding, two means of egress, and replacement windows and doors. All units have been freshly painted, include washer/dryer hookups, and have updated appliances. Unit #1 has been upgraded with new vinyl plank flooring. A two-car garage offers additional value and convenience. With numerous updates already completed and strong rental history, this property is an ideal addition to any investor’s portfolio. Interior photos of the 1BR 1 bath home are to come.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $259,900 | $85 | RE/MAX Northern Edge Realty LLC |
Year | Annual Amount | Description |
---|---|---|
2025 | $4,705 |
Elementary School Hillside Elementary School | 0.7 miles away | 04 - 06 | |
Elementary School Bartlett Elementary School | 0.6 miles away | 01 - 03 | |
Elementary School Marston Elementary School | 0.8 miles away | KG - KG |