Excellent opportunity for an investor or owner-occupant with this well-maintained three-family property in Warren. The property offers a strong combination of existing income and immediate rental upside, with two units recently renovated, cleaned, and intentionally left vacant, giving the new owner the flexibility to select their own tenants, establish current market rents, or occupy one of the units.The third unit is currently rented for $1,300 per month, slightly below the estimated market rent of approximately $1,450 per month. The two vacant units are also projected at approximately $1,450 per month each, creating the potential for approximately $4,350 per month / $52,200 annually in gross rental income if all three units were rented at the stated market rent.The available units feature bright, clean interiors, updated kitchens and baths, neutral finishes, and spacious living areas. The property has been prepared for its next owner, allowing for a relatively straightforward transition into leasing the vacant units.Whether you're looking to house hack by living in one unit while collecting rent from the others or add a three-family property with value-add rental potential to your portfolio, 723 Main Street offers multiple options from day one.Two renovated units are vacant and ready for occupancy or new tenants. One unit is currently income-producing at $1,300/month. A great opportunity to acquire a multi-family property with both existing cash flow and room to increase income.
Features
6 bedrooms
3 bathrooms
directions_car5 carspaces
5 open car spaces
3348 sq. ft. floor area
crop_free7841 sq. ft. lot size
cottageOther
Property history for 723 Main St
2020
Sold
$185,000
27 Nov 2020 by Cassie Paolucci, of Post Road Realty
2012
Sold
$150,000
01 Jun 2012 by Marianne Irwin, of Coldwell Banker Residential Brokerage - Westfield
2011
Sold
$79,000
26 May 2011 by Nnamdi Onubogu, of Realty Direct Freedom
Happy sellers in Warren
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Local market activity for 6 bedroom other properties in Warren
Sold
For Sale
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