$145,000

INVESTOR'S DREAM! An architectural dream! Income producing property or when leases are over rehab and resell. Convert into two duplexes OR increase rents and enjoy the positive cash flow. Rate of return can be up to 40% depending on the finance options. This frame multifamily building is located in the Englewood area empowerment zone. The building is a fully occupied 2 flat property with hardwood floors, large living room and dining, a two car garage and a beautifully manicured outdoor space. The property has an unfinished basement therefore a new buyer could rehab/remodel the first floor and the basement creating a custom duplex or rehab/remodel the second floor unit and the attic creating a duplex. Consider adding a coin washer and dryer in the basement and renting the garage space if the renters. Unit #1 is a 2 bedroom plus the den can be used a study or an office. The renter in unit #1 pays $1250.00. The renter in Unit #2 pays $1040.00 for the 3 bedroom.