Description
Two homes on one lot—an exceptional opportunity for investors or multi-generational living. This unique property features a charming 3-bedroom, 1-bath main home plus an adorable 1-bedroom cottage, ideal for supplemental rental income. Currently operated as a rental with a strong 7.9% cap rate, already factoring in property management and routine maintenance, and occupied by a long-term tenant. Without property management and routine maintenance the cap rate is 9%. The main home was fully remodeled just a few years ago and offers a light, bright interior. Additional highlights include a detached 2-car garage, convenient alley access, and a versatile layout that supports multiple living or income scenarios. Live in one and rent the other—or maximize returns by enjoying both. A truly flexible property with long-term upside.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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2,256SQFT
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$129$/SQFT
School Information
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Oak & Stone Realty Group LLC.
Mortgage Calculator is provided by BoomTown.
Description
Two homes on one lot—an exceptional opportunity for investors or multi-generational living. This unique property features a charming 3-bedroom, 1-bath main home plus an adorable 1-bedroom cottage, ideal for supplemental rental income. Currently operated as a rental with a strong 7.9% cap rate, already factoring in property management and routine maintenance, and occupied by a long-term tenant. Without property management and routine maintenance the cap rate is 9%. The main home was fully remodeled just a few years ago and offers a light, bright interior. Additional highlights include a detached 2-car garage, convenient alley access, and a versatile layout that supports multiple living or income scenarios. Live in one and rent the other—or maximize returns by enjoying both. A truly flexible property with long-term upside.
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