Back to the market for a second time due to buyers terminating right before closing (even though the home appraised at the list price). This home has an FHA appraisal that will carry with the home and can be used to close this home quickly which will potentially save the buyers the cost of an appraisal. Welcome to this newly renovated two-unit property, which includes a three-bedroom, one-bath unit on the second and third floors and a two-bedroom, one-bath unit on the first floor. This home could easily be used as a single-family residence and would work for multi-generational living, or it could be a high-income producing investment property. Since the commercial limited zoning permits mixed use with residenital, multi-family, and office space, the possibilites for this property are endless! The projected cap rate on this one should be over 10% which is extremely hard to find in this competitive seller's market at an estimated $2800 per month rented as a multi-family unit or $2500 per month as a single-family home. The seller is willing to fill the rental with tenants if the buyer prefers, or the buyer could purchase one and live in the other and let the rent pay for the mortgage. This is one of the most affordable ways for a first-time homebuyer to purchase their first home, and the possibilities are endless on this one! Don't delay, make this home your own today!
