228 E Hand Avenue $440,000

Opportunity is Knocking....ANSWER THE $34,600 DOOR! This 5-unit moneymaker is ready for it's new owner - with built-in leases for the summer of 2021 in the FRONT building & and until 3/31/22 in the REAR building. The FRONT building (not heated) offers (2) 1st floor units each offering 1 Bedroom, 1 Bathroom, Living Room, Kitchen, & Porch while the (2) 2nd floor units each offer 2 Bedrooms, 1 Bathroom, Living Room, Kitchen, and Rear Deck. The units in the front building are ALL rented seasonally in 2021 from May through October ($22,000 total, inclusive of gas/electric only). Note, these current long-time seasonal tenants were friends that have become "family"....the future rental market is surely anticipated to command additional income if you so desire. The BACK building (heated) was recently remodeled with updated flooring, drywall, trim, some kitchen enhancements, and a newly tiled bathroom. This unit has a year-round lease in place starting 4/1/21 @ $1,050/m + utilities ($12,600 Total Income on Rear Unit). There are 2 gas meters on the property (front bldg./back bldg.) as well as 2 electric meters. Unit sold with all appliances & partially furnished (less tenants personal furnishings & belongings). Call today to set-up an appointment before it's too late!

This listing is provided courtesy of ATLANTIS REALTY