209 Ellis Street

Description

Now available in Olde Town, this 1927 duplex offers solid investment potential with one unit currently occupied and one unit vacant and ready for lease in a great location for either short term or long term rentals. The property sits on a great lot with and tenants will enjoy the charming front porch while the owner appreciates the ease of maintenance with the siding exterior. Both units are accessed from the shared front porch. Unit A is rented with approximately 650 square feet and is a one-bedroom, one-bath apartment. Unit B is approximately 486 square feet, also a one-bedroom, one-bath unit, and is vacant, allowing immediate showing access and leasing potential. There is a shared water meter at the property but all other utilities are separately metered for electric and gas, with a third meter serving a dedicated laundry room accessed from the back of the propertyan appealing feature for tenants and property management. Parking is convenient with multiple spaces behind the building, accessed through a shared driveway between 215 and 219 Ellis Street, as well as an additional parking space directly off Ellis Street. Street parking is also readily available in front of the property. Unit B can be shown at any time, while access to Unit A will be granted once the property is under contract. This is a great opportunity for investors looking to acquire a value-priced duplex in a desirable location with upside potential through lease-up and future rent increases.