1 Park Place
Property Description
Great Investment Opportunity! This 2-family home has one leased unit and one vacant. Live in one unit and use the rent to help with expenses or rent out both units for maximum income. It has been generating $52,800 annually. Included in the sale is the lot next door (3 Park Place, 131300-6162-71-320192-0000). Solar panels will be paid off by seller at closing. Solar panels were installed in 2022 and keep electricity costs to the bare minimum of $60/month. Separate natural gas meters allow tenants to pay, which saves on the owner's monthly cost. The roof was replaced in 2022 when the panels were installed. Each unit offers 2 bedrooms, 1 bath, large kitchen, dining room, living room, and unit 2 has a den/office that leads to the balcony. With a shared washer and dryer, basement storage, plenty of parking, and a convenient location close to shopping, dining, schools, and major commuter routes, this property is designed for both tenant appeal and long-term value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $500,000 |
| No. of Units: | 2 |
| Year Built: | 1910 |
| Opportunity Zone: | No |
| Price per unit: | $250,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-MLSLINY-1022089
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