47 Wilcox Street

Details

Discover the potential of this well-maintained 3-unit property, perfectly suited for both owner-occupiers and investors aiming to build their passive income stream. Each unit features 3 bedrooms, providing an excellent layout for tenants or an owner-occupant. Rents are $1400, $1350 & one ready for occupancy. With tenant-paid utilities, this asset ensures a more streamlined and cost-effective ownership experience. The third-floor unit has been beautifully remodeled, offering an eat-in kitchen with sleek white shaker cabinets, granite countertops, and durable modern flooring. The updated bathroom is designed for comfort and style, featuring a new vanity, tiled surrounds, and a refreshed tub, making it highly appealing to tenants seeking a modern living space. This property boasts key features designed for low-maintenance living, including vinyl siding, newer energy-efficient windows, and six off-street parking spots for added convenience. The fenced-in backyard enhances the property's appeal, providing outdoor space for relaxation or entertaining. Market rents for 3-bedroom units in this area average $1,650- $1800 per month, offering a solid opportunity for excellent cash flow. Tenants are on month-to-month leases, giving new owners the flexibility to adjust rents to market rates or occupy a unit while maintaining rental income.