INVESTORS AND OWNERS DREAM! Location location location , great zip code .Back in the Market due to finance! The property contains 2 separate dwellings
and is conveniently located near SODO, major shops, grocery stores, Hospitals, Schools,
Downtown and Train Station. The newly implemented Hourglass District is also less
than 5 minutes away from this property, featuring lively night life with bars, pubs,
restaurants and coffee shops. The property is close distance to the very
desirable Blanker (K to 8) and Boone High Schools.
Excellent neighborhood. Many homes in the area have been newly constructed or totally
upgraded. You can see neighbors walking around and enjoying the quaint settings of the
neighborhoods and parks. A walk around near-by Lake Lancaster offers a great daily
routine.
The main house is a charming restored 3 bedroom/2 bath downtown bungalow (first built
in the 1960’s) with hardwood floors and high ceilings. The house has always been a
rental property, well maintained and kept up.
In 2015-2016 the Owner constructed a 2 story apartment in the rear of the lot.
Constructed with good quality materials and excellent workmanship, the garage
apartment (also called the Cottage) has been occupied by the Owner, part time only, and
used as a personal retreat. The shower has never been used and the premises still look
like new construction.
The Driveway was re-constructed 2 years ago with pavers and can easily accommodate 5
cars. The double car garage was used for storage only.
Both dwellings have up-to-date (recent) a/c, appliances and roofs.
The property offers many opportunities: it can be owner occupied with the rear cottage
setup as a rental or vice versa. As an investment play, a 5% to 6% cap rate could be
achievable with both dwellings operated as rentals. Both dwellings have separate electric
service meters.