Property Description
Currently listed for $379,900, this charming detached 3 story home (built in approx 1925, approx 1,480 sq ft) has been extensively renovated and converted into three modern studio-style suites, generating over $4,000 in gross monthly rental income. With tenants in place under leases extending to October and November 2026, this property offers immediate cash flow stability for investors. Key Features and Upgrades: Three self-contained studio suites, each with a combined living/sleeping area, kitchenettes, and full bathroom (3-4 piece). Primary heating is via an oil-fired hot-water furnace, supplemented by dedicated mini-split heat pumps in each suite for zoned comfort and energy savings. Recent extensive renovations include an upgraded 300-amp electrical service, modern plumbing, new flooring in select areas, and overall building conversion for multi-unit use. Shared amenities include: Common foyer, on-site laundry facility, off-street parking, and a shared patio area for outdoor relaxation. The main suite offers a private separate entrance in addition to foyer access. The location is unbeatable: Nestled at the base of iconic Signal Hill with hiking trails, panoramic ocean views, Cabot Tower, and obvious historical significance. (id:63357)
Property Details
- Property Type
- Detached
- Bedrooms
- 3
- Bathrooms
- 3
- Half Baths
- 0
- Living Area
- 1,480 sqft
- Year Built
- 1924
- Status
- Active
Location & Neighborhood
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