Description
Property is Not in a flood zone " No flood insurance required.The property is located at 105-107 Thompson Ave and offers a high-cap return of 9%+, very low taxes. A rare find in today's market! Unit 105 rents will be $3,200/month,Starting April 2025, Unit 107 rent is $1,600/month. This well-maintained and renovated legal two-family home presents a prime investment opportunity with separate utilities and strong income potential. Each unit features private front and back entrances, ensuring tenant privacy. Hardwood floors in all bedrooms & living rooms, tile flooring in bathroom/ kitchens. Natural gas heating with separate meters for gas, electric, and water/sewer.All utilities, including water and sewer are paid by tenants.Recent Upgrades:Major renovation in 2011.New roof installed in December 2022.Newer hot water heaters for both units.Unit 105 (Second Floor & Upstairs) " 4 bedrooms, 2 full bathrooms, living/family room, eat-in kitchen, backyard access. Currently occupied on a month-to-month lease with the possibility of vacancy at closing. Unit 107 (First Floor) " 2 bedrooms, 1 bathroom, living room, kitchen.For additional information, please refer to the listing under media documents. Don't miss out on this high-yield investment opportunity! Both unit tenant are on M2M term, seller will help to deliver as vacate on closing.
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6BEDS
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0.12ACRES
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3BATHS
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01/2 BATHS
School Information
Description
Property is Not in a flood zone " No flood insurance required.The property is located at 105-107 Thompson Ave and offers a high-cap return of 9%+, very low taxes. A rare find in today's market! Unit 105 rents will be $3,200/month,Starting April 2025, Unit 107 rent is $1,600/month. This well-maintained and renovated legal two-family home presents a prime investment opportunity with separate utilities and strong income potential. Each unit features private front and back entrances, ensuring tenant privacy. Hardwood floors in all bedrooms & living rooms, tile flooring in bathroom/ kitchens. Natural gas heating with separate meters for gas, electric, and water/sewer.All utilities, including water and sewer are paid by tenants.Recent Upgrades:Major renovation in 2011.New roof installed in December 2022.Newer hot water heaters for both units.Unit 105 (Second Floor & Upstairs) " 4 bedrooms, 2 full bathrooms, living/family room, eat-in kitchen, backyard access. Currently occupied on a month-to-month lease with the possibility of vacancy at closing. Unit 107 (First Floor) " 2 bedrooms, 1 bathroom, living room, kitchen.For additional information, please refer to the listing under media documents. Don't miss out on this high-yield investment opportunity! Both unit tenant are on M2M term, seller will help to deliver as vacate on closing.
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Data last updated 2025-03-22T22:47:01.267.