191 Shanly Road

Original Remarks

A unique opportunity for the savvy investor or shrewd home buyer. Two bungalow (2 bedroom, 1 bath each,) rental units on the same lot, each with a single car garage, so two investment incomes or live in one and have the other pay your expenses. 304 Perry St has had extensive (2016 to 2024) renovations: paint, flooring, shingles, garage door, 191 Shanly Rd has had some renovations: shingles, garage door, some paint. Shanly Rd is currently rented at $850/mos (includes water/sewer, tenant pays gas & electric) and Perry St is vacant. Typical rents for this type of home should be about $1200/mos, no utilities included (buyer to do their own due diligence on rents). The seller does not know if this property can be severed, buyer to do own inquiries. Costs: (A) insurance - Perry $134.98/mos + Shanly $74.98/mos = $2520/yr; (B) water/sewer - Perry $110/mos (vacant) $1320/yr + Shanly Rd $1080/yr; (C) gas - Perry St $70 - $110/mos; (D) 2 HWT rentals - $67/mos.