Welcome home to 950 Townsend Ave! This stunning historical 2-family home, located in the Lighthouse Point neighborhood, has been loved and cared for by the same owners for over 17 years. This property provides an opportunity for investors to create passive income with a 7.9% CAP rate, or for the new owner occupant to live on the first floor and rent the second floor to help pay down the mortgage. For those with vision it can also be converted back into a grand single-family home. Even more opportunities can be found in the large attic with cathedral ceilings which can be finished into an amazing 3rd floor unit. With this property you are getting the best of both worlds with a modern renovation on the second floor and historical charm on the first: The 2nd floor unit, includes a remodeled bathroom, new kitchen with beautiful granite, tiles, cabinets, fixtures, SS appliances and refinished floors throughout; new in-unit top of the class W&D. A total of 5 rooms delivers plenty of space with 2 BD, 1 BA for a total of 1,234sqft. The 1st floor unit offers extreme craftsmanship with too many details to list, including gorgeous crown molding, custom built window seats, oversized Palladian windows, refinished picture frame hardwood floors, mahogany pocket doors, restored fireplace and more. This 1,518sqft unit, has high ceilings, features 2 BD (one being currently used as an office), 1 BA, oversized living room with ample light, eat-in kitchen with SS appliances, and a large pantry.

Listing courtesy of SMART_MLS / Arek Wtulich / Century 21 AllPoints Realty

Last checked: Checking… • Last updated Apr 24, 2025 • Source: SMART_MLS

MLS# 170465354 — Report a problem