112 Ivy Lane

Description

DUPLEX: Property was updated after purchased in 2010. LOWER LEVEL: Commercial Space: Currently used for massage therapy. Commercial space w/ separate entrance. Consists of a reception area, 3 offices, kitchen, toilet, laundry, and utility room (936 sq. ft). Rents for $1,200/mo. FIRST FLOOR is currently a 2 Bed, 1 Bath Apartment that rents for $1,400/mo. There is a wall that can easily be removed to make this a 5 Bed, 2 Full Bath apartment (1,617 sq ft). Could rent for $2,800/mo. Additional features: 12 in granite tile floor on first floor expansion area. Spray foam insulation was added to entire building. There is currently one 200 Amp electric panel for building. (A second panel can easily be added to separate electric.) One gas heater and AC currently for building. (A heat pump could be added in the attic to heat and air condition the 1st floor space. There is ductwork already in the attic space.) On demand gas hot water heater. French drain was added around the exterior perimeter and in basement in order to keep basement dry. Seller added storm-water management which would allow a second story added to existing building. Central vacuum system, electric car charging outlet. 24’ X 12’ Exterior shed. 12 parking spaces. See attached floor plans, zoning information, and property information sheet.