Courtesy of: Henry Perez, eXp Realty, Henry.Perez@exprealty.com
Courtesy of: Henry Perez, eXp Realty, Henry.Perez@exprealty.com
$520,000
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3 bed
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3.00 Bath (3 Full)
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Lot: 0.05 Acres
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Single Family Residence
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$520,000
62 Vineyard Avenue A/O- Contract has been sent out. Showing for back ups. Excellent investment opportunity for the savvy buyer or investor. Single Family Residence on a double lot, currently in use as a 3-family home with 3 separate and independent units. Live in 1 unit and allow the other two units to pay off your mortgage. Rent roll possibility is $62, 000+ with all units rented and opportunity to increase rent with a projected cap rate of 8%+ The conversion process from a single family to a 3 family has already been started and is in place for the next owner to complete. Double lot offers potential opportunities for a developer. The property has an assumable FHA mortgage at a mind boggling 2.375% interest rate. Yes, that is not a typo! 2.375%. Call for additional details or to schedule a viewing.
Courtesy of: Henry Perez, eXp Realty, Henry.Perez@exprealty.com
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