385 Lawson Avenue

Description

Three (possibly four) unit investment opportunity close to University. Property consists of two buildings. In front building you will find 2(possibly 3) units and common areas. Unit one is on the main floor of house, which is a one bedroom one bathroom apartment with granite countertops gas, heat, and central air. Rent is $650 and is leased till 9/30/25. This unit has a one car detached garage. The second floor main house is Unit 2, a two bedroom one bathroom with boiler heat and window unit for cooling. Iy has a detached 1 car garage. It was used as an Airbnb Airbnb revenue was $27,000 for 2024. Unit two pays all common area, electric and exterior water. The third floor of front building is a possible third unit. It is semi gutted. Owners had it plumbed to turn into a common area coin laundry room. It could also be used as a studio apartment. In the rear is a garage apartment that is two bedrooms one bathroom with gas heat and it rents for 650 a month, and tenants are on a month to month leaseIt has its utilities as well and an attached garage. The rear building houses the garages for front two units.There's also a common area in the basement of the main house that has laundry in it as well