* Amounts are estimates only. Final payment amounts may vary.
Description
Exceptional turnkey investment opportunity! This fully legalized up/down bungalow is ideally suited for investors seeking immediate cash flow with reliable rental income. Both the upper and lower suites are fully tenanted with quality tenants in place, offering a true plug-and-play investment from day one.
The legal suite in the basement was professionally developed and legalized in 2019 and features 2 bedrooms, a den, a full kitchen, spacious living and dining areas, full-sized laundry, a private side entrance, and its own outdoor living space. The upper legal suite also offers a full kitchen, full-sized laundry, private front entrance, and front deck, creating two completely independent living spaces.
The thoughtfully designed layout includes separate yard areas for each legal suite following the legalization, providing added privacy for both tenants. A large carport with additional storage adds further convenience and value.
A strong income-producing property with an efficient operating structure, tenants pay the majority of utilities (owner responsible for water/sewer), and tenants are responsible for lawn care. Whether you're expanding your portfolio or purchasing your first investment property, this is a rare opportunity to acquire a fully legalized, income-generating property with excellent long-term potential.
Property details
Basic Info
MLS® #
A2327151
Property Type:
Residential
Subtype:
Detached
Subdivision:
Big Springs
Price
$585,000
Sale/Lease:
For Sale
Size:
1,071 sq.ft.
Bedrooms:
5
Bathrooms:
2 full / 1 half
Year Built:
1978 (48 years old)
Building Info
Structure Type:
House
Building Style:
Bungalow
Garage:
No
Parking:
Carport, Covered, Driveway, On Street
Fence:
Fenced
Basement:
Full
Features:
Separate Entrance
Inclusions:
Two refrigerators, two built-in dishwashers, one electric range, one gas stove, one stacked washer and dryer, and one additional washer and dryer.
Appliances:
Dishwasher, Electric Stove, Gas Stove, Range Hood, Refrigerator, See Remarks, Washer/Dryer Stacked
Laundry:
Lower Level, Upper Level
Exterior Features:
Private Entrance, Private Yard
Patio/Porch Features:
Deck, Front Porch, Side Porch
Neighborhood Info
Nearby Amenities:
Playground, Schools Nearby
Lot / Land Info
Lot Size:
0 acres
Lot Features:
Back Yard, Corner Lot, Front Yard, Rectangular Lot