Lovely bread n butter duplex, consisting of two charming detached, single family cottages on one large lot. Front home includes 2 bedrooms, 1 bath, a living room, dining room, kitchen, plus a private fenced front yard (perfect for pet owners) and a large mature treed back yard that is shared with detached neighboring cottage some 40 feet away. The rear cottage is really charming and consists of 1 bedroom, 1 bathroom, a dining room, living room and its own gated private back yard perfect for pet owner tenants.
Owners have always rented it out under market so room for improvement there. Perfect 1031 landing pad, for first time buyers who have a down payment but want subsidized mortgage payment help, or just a nice long term place to invest paying a significant premium over standard bank savings accounts. Live in the one bedroom and the existing rent on front unit two bedrooms covers approximately $850,000 in rent on interest only market rate loan. This little gem will not last.
