340 Locust Avenue

Description

Presenting an upgraded legal three-family residence, offering a blend of classic charm and modern amenities. This property is ideal for investors seeking strong rental income or homeowners looking for an owner-occupant opportunity with supplemental revenue. Unit 1: Spacious 3-bedroom, 1-bathroom apartment featuring a large eat-in kitchen with stainless steel appliances. This ground-floor unit boasts generous living space, making it highly attractive to tenants. Unit 2: 1-bedroom, 1-bathroom apt. with a cozy living area and functional kitchen. Unit 3: 1-bedroom, 1-bathroom apt. with private entrance, currently leased to a long-term Section 8 tenant who has maintained the space exceptionally well. This provides steady, guaranteed rental income and the option to bring the unit to market rates in the future or vacate for owner-occupancy. Interior Improvements: Renovated kitchens and bathrooms, plus new flooring throughout. Newly Sealed Roof: Ensuring long-term durability and lower maintenance costs. Submetered Units: Allowing tenants to be responsible for their own electric-utility costs, increasing efficiency. Parking Potential: Two-car tandem driveway with additional parking opportunities in the rear of building to increase revenue. Prime Location: Walking distance to public transportation, shopping, and dining options.