3 bedroom house for sale

Overview

On the Confluence of the Shores of Lake Michigan in East Oakland on coveted Lake Park Ave. Storybook setting Exceptional Unicorn 1890's Brick Vintage 2 Flat Row Home PLUS NON CONFORMING (CODE WORD FOR NOT LEGAL) SEMI FINISHED GARDEN STUDIO APARTMENT set on Corner Double Lot. Absolutely flooded with natural light, open loft like floor plan, hardwood floors, soaring ceilings, separate GFA, H20, Individual Circuit breakers, Skylight, Stainless Steel Appliances, Herringbone patterned backsplash, individual washer/dryer in each unit, Updated bath with wainscotting tile. Full semi-finished nonconforming basement perfect for Duplexing, Live/Work, Extended Family, or future Airbnb. Whimsical Side Garden/Yard, Patio, Multiple decks and 2 car exterior parking pad. Generous zoning provides multiple paths of opportunity and offers diverse investment objectives without committing to a path upfront This is a perfect affordable user or hybrid development asset that is well located and checks all the boxes. Building is NOT landmark nor a landmark district. Zoning Certification is 2 legal units. Floorplans and survey available. Unit 1 is leased $1450 through 11/24. Unit 2 is vacant and projected at $1500.00. The Garden Studio Unit is NOT legal, semi finished, vacant and projected at $850.00. 2 pins total tax bill $4343.70. Building $3166.21/ Separate Lot $1177.49. This is an amazing opportunity for a savvy buyer. For Owner Occupants BOA Eligible buyers can get $10k down payment grant(3% up to $10k) on a 95% LTV. Also can get $7500 as closing cost grant. Max Income is $164, 700. See brokers private remarks for other value insights.