7.7% cap rate with established cash flow. Two-family in residential area. Unit A is 2BR 2BA and finished lower level. Unit B is 2BR 1 BA. Untapped potential in 864 square foot garage (currently not rented) with walk up attic. Owner's former unit on the first floor has 7 rooms - quality remodeled kitchen and main bathroom, updated flooring, lighting and 2 rooms added in the basement. Additional bathroom off one of the bedrooms. Second floor in good condition with 5 rooms, fully remodeled bathroom includes laundry hookups. Set on .71 acres, with driveway access from side street and very large parking lot. Town Water, Private Sewer. Generator hookup for Unit A. New oil tank, pex piping, new electric panels 200 amp and 100 amp in the house, 200 amp in garage. Rented at $2,750 and $2,450 incl h/hw. $62,400 rental income and $18,562 expenses. Quick access to Route 101, downtown, Patuckaway State Park and local favorite Tuckaway Tavern.

Listing courtesy of Jennifer Frost of Keller Williams Realty Metro-Londonderry



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Last checked: 2025-11-07 12:44 PM UTC