So Much Potential! Three Tax Parcels: 226, 234 and 236 Prospect Ave. 226 is a 60 X 200 vacant lot adjacent to 234. 234 is a large 5 bedroom, 2 bath home. It has a HUGE single story addition out the back that spans across both properties. The 5th bedroom is located within this room...and it's still huge! There is a fantastic brick patio that spans the width of both properties off the back room. Years ago, the second and third floors were converted to a two bedroom apartment for private use. 234 can easily be set up like 236, the duplex next door. That makes this building a potential Quad! Or, 234 can be used as a five bedroom home. 236 is an approved duplex and has been a rental for over 50 years. The duplex has a 1 bedroom, 1 bath unit on the first floor and a 2 bedroom, 1 bath unit on the second and third floors. There is a two car garage on the duplex side of the property. It is in need of repair. 234 and 236 must be sold as one unit because the large back room spans both properties. Or, a fire wall could be installed to separate them. When the room was built, there was a block foundation installed below the slab on the property line for that future purpose. Both homes have Vinyl Tilt in Windows, Newer Roof, and Separate Gas and Electric, Duplex has separate hot water heaters and forced hot air heaters. However, the water bill is combined. The duplex has a shared laundry room with outside entrance. Cap rate includes the expenses of the vacant lot. New owner can simply keep the lot as is for a fantastically big yard as the previous owners did, or develop as allowed. The entire property including the lot is fenced. There are private driveways on each side of the house. There is a large covered front porch with beautiful flagstone. The porch is a great place to watch the annual fireworks and parade. The athletic field is across the street. There is plenty of shopping nearby. This is a unique property and an opportunity not to be overlooked!
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Listing Courtesy ofUnited Real Estate