218 South Ave

About this home

Exceptional opportunity to own this well-maintained 4-family property offering strong rental income, recent updates, and outstanding investment potential. Whether you’re looking to expand your portfolio or occupy one unit while generating income from the others, this property checks all the boxes.The first-floor unit occupies the entire level and features a spacious layout with three bedrooms, a bright living room, a separate eat-in kitchen, and a full bathroom. The second floor is divided into two units. Unit 2 offers a comfortable living room, eat-in kitchen, one bedroom, and a full bath. Unit 3 features an efficient open-concept kitchen and living area, one bedroom, and a full bathroom. The fourth unit encompasses the entire third floor and includes two bedrooms, a living room, kitchen, and full bathroom, providing a private and spacious living space.Each unit has been well cared for and offers desirable floor plans that appeal to tenants. Units 1, 2, and 3 each have separate gas meters, electrical panels, gas-fired boilers for heat, and individual hot water tanks. Unit 4 also has its own gas meter, electrical panel, and hot water tank, along with newer electric baseboard heat and a newer in-unit gas-fired heater.Recent improvements provide peace of mind for the next owner, including a new roof installed in 2023 and numerous updates throughout the property. Ample off-street parking adds convenience and further enhances the property’s appeal.Strong in-place rental income, separate utilities, low-maintenance systems, and recent capital improvements make this an excellent turnkey investment. For owner-occupants, the flexible layout provides the opportunity to live in one unit while the rental income from the remaining apartments helps offset your mortgage and expenses.Conveniently located near shopping, restaurants, public transportation, schools, and major commuter routes, this property offers lasting value in a high-demand rental market. Whether you’re a seasoned investor or purchasing your first multi-family, this is a rare opportunity to own a solid income-producing asset with immediate cash flow and long-term upside.Property Highlights:• 4 Well-Maintained Units• Strong Rental Income• Excellent Owner-Occupied or Investment Opportunity• Separate Utilities• New Roof (2023)• Updated Systems• Ample Off-Street Parking• Desirable Unit Layouts• Convenient Location Near Shopping, Dining, Public Transportation & Major Highways