Introducing a plethora of potential income streams, this property offers diverse opportunities for revenue generation. The 1,000 sq ft front house presents the option of long-term residential rental or vacation rental, ensuring a steady stream of rental income. Similarly, the back house, featuring its own bathroom and separate dwelling, can be rented out for long-term residential purposes or as a vacation rental, adding an additional income source. Additionally, a fully-equipped hair salon in the back unit allows for a separate revenue stream, and a conveniently connected office space.
Furthermore, the ground floor of 5921 boasts a versatile history of use, ranging from a hair salon and flat sound recording studio to a workout room and office, accompanied by a single car garage. This history opens up possibilities for various rental applications, ensuring a diversified income stream. Additionally, the property offers tax benefits through the provision of a home office space.
For those looking to maximize financial gains, the upstairs of 5921 holds potential for a monthly rental income valued at $4,500. Furthermore, the downstairs area presents the opportunity for rental income with a potential value of $2,500 per month. Remodeling the downstairs area could potentially increase the rental value to $3,500 per month.
Each house has it's own address, mailbox, gas meter, electric meter and a sub-meter to calculate each house's water use. These substantial rental incomes can contribute to the payment of the monthly purchase loan, reducing the principal and interest paid over the initial years.
Ultimately, this property holds tremendous potential for generating substantial income, providing an opportunity for both financial
stability and growth. Bonus! Room of
510 Square Foot for ADU! $$$$$$$$$$$$$$!