Assumable 3.25% FHA loan! Great investment opportunity with this beautifully restored multi-unit property in Old East Hill with a strong rental history and potential to bring in over $80, 000 a year. Officially dated to 1908 but likely built in the late 1800s, this corner-lot property combines timeless architecture with updated amenities. Renovated in 2022, it now functions as a versatile four-plex or five-plex—perfect for investors seeking strong rental income, owner-occupants offsetting costs, or even someone wanting to turn it back into a single-family residence in the future. Unit A is a spacious 2BR/1BA with access to both front and back porches plus a screened-in side porch. It includes stacked washer/dryer hookups and can be expanded by connecting to a flexible bonus space. Unit B is a 1BR/1BA with its own washer/dryer hookups, screened porch, and dual porch access. It’s proven as a successful short-term rental, generating ~$20K in the past year. Unit C is a well-kept studio with kitchenette and back porch access—efficient living ideal for traveling professionals or long-term tenants. Unit D spans the entire upper floor as a bright, airy 2BR/1BA with private balcony. The fifth space is a finished area with a full bath that can flex as a third bedroom for Unit A, another studio, an office, or storage. Each unit is individually metered and benefits from new HVAC, plumbing, and electrical systems (2022), alongside preserved historic details—high ceilings, large windows, and multiple porches. The property has been strictly non-smoking and pet-free, ensuring a clean, well-maintained condition. This rare property delivers immediate income potential with its flexible layout, while also offering the option to be reimagined as a single-family residence—restoring its historic role as a grand East Hill home. Whether you’re an investor or a future homeowner, it’s a one-of-a-kind opportunity that balances cash flow today with lifestyle possibilities tomorrow.
