Living in one unit and renting out the other can be a smart financial move, especially in areas like Central Park Heights that are experiencing growth. It allows you to offset your mortgage or other housing expenses with rental income, potentially making homeownership more affordable. Of course, being a landlord comes with responsibilities, such as maintaining the property, finding tenants, and handling any issues that may arise. But if you're willing to take on those responsibilities, renting out one unit while living in the other can be a great way to build wealth and make the most of your investment in Central Park Heights. Unit 1 has 1 BR & 1 BA and is currently occupied renting at $900/month. Unit 2 has 3BR & 1 BA and is currently unoccupied and will command minimally $1,200/month totaling a minimum of $2,100/month if both units are rented. Current tenant conveys through October 2024.
Long & Foster Real Estate, Inc.
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Listing information last updated on May 20th, 2024 at 11:46am EDT.