Renovated duplex in The Grove

Beautiful renovation of a large 2 family located in The Grove, located just 2 blocks from all of the shops and restaurants on Manchester. This 2,494 square foot building features updated kitchens with granite counter tops and stainless steel appliances, refinished hardwood floors, central air. There is a back porch with a fenced backyard with off street parking. The second floor unit is currently rented for $1,175 a month, the first floor features 3 bedrooms and has a finished basement, the unit was previously rented for $1,400 a month and is currently vacant and would be ideal for an owner occupant. Fully rented this building could generate $2,575 a month and $30,900 annually. Expenses are low with taxes only $200 annually, total expenses are $4,188 a year for a potential net income of $26,712.

Expenses
Taxes – $200
Insurance – $900
Sewer – $1032
Water – $656
Maintenance – $1,000
Service Contracts – $400
Total – $4,188

Paying buyers agents 2.70%