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Listed by Andy Yau of RE/MAX Shoreline
Investors and handyman take notice! Two buildings on one lot! Build home equity, living in the stand alone carriage house, while having the other two units pay your mortgage. Don't miss out on this golden opportunity to acquire a cash making machine. This investment has plenty of potential for higher income, with a potential CAP rate over 13% when renovated. This is the perfect property to execute the BRRR(Buy, Rehab, Rent, Refinance)strategy. Rehab the home, and complete a cash out refinance with your hard built in sweat equity. The main house is a duplex. The lower level unit, has been meticulously maintained, with stunning hardwood floors throughout. Tour through the unit and experience the 6 total rooms in the unit, including, an open concept kitchen, a large spacious master bedroom, and more. The upper unit, is a townhouse style unit, with 3 floors, which includes a porch out front and a large unfinished attic that is perfect for storage. This investment offers many advantages including separate utilities, plenty of parking, large .3 acre lot, two buildings and more! That is not all, the location can not get any better, as tenants are located in the heart of downtown and are only steps away from Spaulding high, restaurants, convenience stores, major routes and more. Also enjoy being just minutes away from Hanson Pines walking trails and the Cocheco River. Exterior needs paint, older roof and 1 unit needs work. Private showings begin on Saturday, November 14, from 11-2PM.

Property Details of 2 Pleasant Street

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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 28, 2020.

 

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