1091 Herkimer Street
$799,000, 5 Beds 2 Baths 1,631 Sqft
About This Property
1091 Herkimer Street has just hit the market, this two-family townhouse was recently renovated from top to bottom only a few years ago and has been an excellent investment for its owners. It is currently set up as a top floor three-bedroom duplex with access to a gorgeous deck off of the kitchen perfect for dining al fresco. There is also a two-bedroom garden apartment with back yard access. Below that there is an unfinished basement great for storage. Both units have new kitchens with stainless steel appliances and granite counter tops, the bathrooms are also new, hard wood floors throughout and very nice light. You will enjoy some very lovely period detail as well as exposed brick walls to really set the place off. There is currently a tenant who occupies the top floor three-bedroom duplex, their lease is up in 2021 and it produces $2,695 a month, a phenomenal rental income that will off-set the cost of your monthlies and allow you to occupy the garden floor for less than the cost of rent in most financing scenarios. The tenant who occupies the duplex is a great tenant and the current landlord has no complaints. The garden apartment will be delivered vacant, you can live there or if you'd like to rent that out as well you can expect around $1,800 a month. Bringing your total rent roll to $4,495 a month or $53,940 a year before expenses. This building is in great shape, its only 3 blocks from the C train at Ralph Avenue. You can own this entire house for the same cost as many condos in the area. The building is also zoned R6B and does have some FAR left on it, if you are interested in extended on the foot print please consult with an architect.
Hardwood Floors As Seen, Garden
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Listing information last updated on April 20th, 2019 at 9:28am CDT.