Completely remodeled 4-unit townhome quad (two adjacent duplexes) in Edgewater, with easy access to Sloans Lake Park, restaurants and nightlife. Each unit with four bedrooms, two full baths filling the 2,010 square feet of finished space, freshly painted and hardwood floors refinished. Mid-2016 complete remodel includes newer kitchen (white shaker cabinets, quartz counter top, stainless steel appliances), new bathrooms (designer tile, vanity, new plumbing fixtures), new interior and exterior doors, new carpet, new interior trim, all new light fixtures throughout and window treatments. Mechanically, the remodel included new double-pane energy efficient vinyl windows, new boiler, new hot water heater, new roof/gutters, new professional landscaping and fencing and new evaporative cooler. Main floor eat-in kitchen is open to spacious living room with abundant natural light. Two bedrooms and one full bath also on the main floor. Fully finished garden-level basement sports one full bath and two conforming bedrooms with over-sized egress windows, along with the laundry & storage room and a large family room area. One basement bedroom equipped with full-light French doors to serve as an optional work at home office. All kitchen appliances and full-size washer/dryer included. Rear entrance with wooden deck/stairs and enclosed private courtyard.
Units rent for $2700/month. Two new 12-month leases renewed until 7/1/2021. Two units vacant now. Property priced at 5.23% cap rate. Corner lot includes detached two single car garages which can be rented separately for $150/mo each. Interior duplex with 5 offstreet parking spaces.
Seller has split the parcel into four individual townhome deeds for added flexibility or exit strategy.
No HOA fees. Deeded 3125 sq.ft. lot with each half-duplex ownership. Party-wall agreement and shared easement agreements in place to address shared use of shared covered front porch and sidewalks.
Listing agent is co-owner of property.