316 8TH Avenue NE

Description

Look no further, this fantastic income property in the heart of Old Northeast is exactly what youre looking for! Just steps from DTSP and Vinoy Park, the location could not be better and with multifamily land use the possibilities are endless. The massive 3,627 square foot main house consists of six bedrooms and 4 baths currently bringing in $4,425 per month. Walking inside you will see the living room on the right, and the large bedroom with ensuite bath on the left. The updated kitchen with granite countertops and breakfast nook are located beyond the living room. Continue to the back where there is a half bath and laundry room. Narrow plank hardwood floors and a grand staircase give a nod to this homes original 1940s character. Upstairs you will find another large bedroom with ensuite bathroom, two more bedrooms and a full bath. But wait, theres more! Keep walking up to the third floor and there are two more bedrooms and another full bath. Out back is a large courtyard with plenty of shade trees and space for entertaining. On the back of this very large lot is another 2 bed, 1 bath unit with central AC, which is rented for $1,700 per month which brings the grand total to $6,125/month or $73,500/year! Plenty of storage space can be found in the separate 1 car garage, 1 car carport and 2 car garage. The large garage includes a second laundry space and might even be converted to another rental unit. This excellent property has been well-maintained and includes a newer ROOF (2015), newer WINDOWS (2016) and has been very significantly UPDATED in the last 3 years! Move your family into this beautiful neighborhood or sit back and collect that income, the choice is yours. Either way, this home will not last, schedule your showing today! (Current zoning is 0810: Single family with more than one house per parcel and current land use is multifamily. Net annual income is estimated).