Turn key, legal 4 unit in Edgewater perfect for a live-in owner who wants to turn their housing expense into an income producing asset. Large 37.5 x 150 lot with a 3-car garage, zoned RM-5. First floor owner's unit generated $25,354 on Airbnb in 2021 when owners were out of town. It's a 2 bed + office/ 1 bath (1832 sq ft) Second floor unit is rented for $1865/m without parking. It's a 2 bed + office/ 1 bath (1832 sq ft). Third floor unit is rented for $2050/m including one parking spot. It's a 2 bed + office/ 1 bath (1832 sq ft). Garden unit is rented for $1995/m including 1 parking spot. It's a 3 bed/ 2 bath (1622 sq ft). Building has many new updates including: Individual central air/ heat in each unit. In-unit washer dryer. All new windows throughout. Finished back stairway and added a new back room to units 1,2 and 3. Building expenses: Property tax - $14,203 annually. Water bill - $175/m. Building electric - $28/m. Building gas for water heater - $45/m. Property insurance $3089. Convenient location 2 blocks from Whole Foods on one side and 2 blocks from the Lakefront Trail entrance and Kathy Osterman Beach on the other side. 1/2 a block from the Thorndale Redline station, coffee shops, and restaurants. There is nothing left to do but move-in, this building is in great shape and the numbers work well.

Listing courtesy of MRED / Dream Town Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 7, 2024 • Source: MRED

MLS# 11313040 — Report a problem