60 Gordon Avenue, Fairview - Multi-family for Sale

Description

This spacious, purpose-built triplex presents a unique investment opportunity, featuring three well-designed three-bedroom units. The two upper, side-by-side residences offer the feel and privacy of semi-detached homes, each with separate front and rear entrances, private decks, dedicated driveways, and individual backyard space. The right-side upper unit also includes a second bathroom (1/2 bath) and laundry, and a generous 13-by-20-foot garage, providing valuable storage for a tenant or the potential to generate additional rental income. The bright, spacious lower-level apartment has its own front and rear walkout entrances. Each unit is separately metered for electricity, with tenants responsible for their own power. The owner currently provides oil-fired heat to all three units through a three-zone boiler housed in a utility room with exterior access at the rear of the building. A separate oil-fired water heater supplies domestic hot water to the upper-left and lower-level units, while Unit 62 has its own electric water heater and pays for its own hot water. Adding heat pumps, potentially with available incentives, could improve operating efficiency and cash flow. With three large three-bedroom units offering a semi-detached feel and strong potential for increased rental income, this property is an exceptional addition to an investment portfolio. Sewer Lateral to be newly lined prior to closing. Rents #60 (Left) - $1,030, #62 (Basement) - $1,650, #64 (Right) - $1,230 (id:66096)

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