Active

$219,900

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 1216 sq ft
Overview
  • ID: MFRO6274018
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 1216 sq ft
Property Details
Remarks
This property offers a remarkable approximate 14% annual ROI. Currently operating as a residential income duplex, it is also grandfathered for commercial use. The front unit features 2 bedrooms, 1 bath, and an open kitchen/living area, while the back unit includes 1 bedroom, 1 bath, a spacious living area, and a kitchen. One unit is currently rented, with the second unit recently vacated. Combined, the units generate a gross monthly income of $2,000, or $24,000 annually. Both units have been recently renovated, with upgrades to the HVAC, roof, flooring, water heater, walls, doors, and fixtures. The property offers two separate driveways for parking on the east side, along with a large parking area on the west side, accessible via Edwards Street. With its commercial zoning, this property offers flexible opportunities for various uses, such as residential income, conversion to commercial office space for additional income, or as a primary residence or commercial establishment. Don't miss this exceptional investment opportunity!
Financial Considerations
Price:
$219,900
HOA Fee:
N/A
Tax Amount:
$1684
Price per SqFt:
$180.84
Tax Legal Description:
LOT 6 FOREST PARK BLK 16 KINGSTON MB 19 PG 17 PER OR 5143 PG 0174 PER OR 6529 PG 3888 PER OR 6565 PG 2319 PER OR 7754 PG 1062 PER OR 7754 PG 3594 PER OR 8371 PG 3105
Exterior Features
Lot Size:
7813
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Central, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Range, Refrigerator
Furnished:
No
Floor:
Carpet, Slate, Tile
Levels:
Multi/Split
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1950
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Garden
Additional Features 2:
N/A
Map
  • Address
    822 FOREST LN
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