Fully gut renovated semi-detached, brick 2 Family Home on the corner lot of Burke and Fenton Avenues. Each unit featuring 2 Queen Bedrooms/1 bathroom.
First floor unit has direct access to the backyard and single car garage. Both units have large living rooms, gorgeous eat in kitchens, original hardwood floors, and ample natural light. Kitchen was remodeled with GE stainless steel appliances, including a dishwasher and microwave and features breakfast bar.
There is front facing patio on the lower and upper levels. The garage is equipped with an electronic remote system that can be accessed from first floor unit or driveway. Located in the garage is GE washer and dryer unit.
Great starter home that can general rental income to help cover monthly mortgage and expenses. Units can rent at a rate of $1,900 per month with renting tenant paying their own utilities. Annual taxes are $4,960.92.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more