Property Description

Welcome to 191 Second Ave, an income-producing property offering a strong setup for investors or owner-occupiers looking to offset their housing costs. The property features a 3-bedroom, 1-bathroom main/upstairs unit along with a 2-bedroom non-conforming lower unit, each with its own private entrance and laundry facilities. The main unit is currently rented for $1,500/month, with the tenant responsible for electricity for the entire property. The lower unit is rented for $950/month, bringing the current gross rental income to $2,450/month, or $29,400 annually. Both units have their own washer and dryer, providing added convenience and separation between the living spaces. The property is equipped with 200-amp electrical service. With two separate living spaces, private entrances, separate laundry, and established rental income, 191 Second Ave presents an opportunity to add an income-generating property to your portfolio. Whether you're an experienced investor or looking for a property with rental income potential, this property is worth a look. (id:7434)