St. Johns Craftsman Duplex
Multifamily | 2 Units
Marketing description
This loving Craftsman DUPLEX has been restored with style & functionality in mind! 9806-A recently underwent a major remodel that includes an entire new kitchen and (2) new bathrooms designed from the studs-out and all done professionally with approved permits! Sleek finishes, quartz counters, snazzy light fixtures, refinished hardwood floors, new carpet, double closets, skylight, stackable W/D and new appliances highlight this move-in ready spacious bungalow unit. 9806-B was remodeled in 2018 and features a new custom kitchen, remodeled bathroom, mini-split heating/cooling and hardwood floors. 9806-B has access to the full gated backyard. Both units have access to the full basement with ample ceiling height and each unit has large designated storage/shop space. The building has been impeccably cared for and features many new systems like new plumbing, wiring, rebuilt chimneys and more! Fantastic St. John's location - perfect for owner-occupants looking for value!
Investment highlights
(1) 2-Bedroom, 1 Full & 1 Half Bathroom, 1,920 square feet, $2,095/month (vacant)
(1) 2-Bedroom, 1 Full Bathroom, 1,100 square feet, $1,750/month (closed)
Gross Income: $49,080
Net Income: $32,993
Annual Tax: $5,613.70
Cap Rate: 5.59
Groos Rent Multiplier: 12.02
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