Located in the Village of Ausable Forks in Essex County, this Profitable Duplex is located on a Quiet Cul-de-sac near the School. Short walking distance to grocery store, movies, restaurants. Both apartments are rented and have been easy to rent in the past for the current owners. The duplex nets a profit of $12,000 yearly. The Left side apartment has 3 bedrooms and 1 bath. The right apartment has 2 bedrooms, 2 baths and enclosed porch. Beautiful back yard to enjoy and for the kids to play in. The East Branch of the Ausable River is located at the end of the street for fishing and outdoor enjoyment. If you are looking for a profitable rental property – this is the duplex for you.
Details
- Building Desc:
2406 SqFt
- Acreage:.23
- Style:
Old Style - Duplex
- Age:
Circa 1890
- Condition:
Fair/Good
- Construction:
Wood
- Foundation:
Cement
- Basement:
Partial, crawl, dirt - on both sides
- Siding:
Aluminium
- Roof:
Asphalt and Metal
- Electric:
200 AMP
- Heating System:
Left - Electric and Monitor /Propane
Right - Fuel Oil
Taxes
- Total Taxes:2097.03
- Town taxes:903.60
- School Taxes:1193.43
Utilities
- Sewer:Public
- Water:Public
Rooms
Items to remain Stove and Refrigerator - both apartments
Remarks
The left apartment will need renovations when tenant leaves in the future. Right apartment is in good condition.
The owner pays for the lawn maintenance, garbage removal, taxes, water and sewer. Tenants handle snow removal.
Each apartment pays their own utilities. Current tenants have been living there for about 5 years and both are paying on a month to month basis - original leases have expired. There is a high demand for apartment rentals in the area and this is a nice neighborhood in a great location.