OLD TOWN TRIANGLE - VERY RARE OFFERING! 3 HOMES & 3 GARAGE PARKING SPOTS ON 2 SEPARATE BUT PARALLEL LOTS IN THE HEART OF OLD TOWN! 1721 N. FERN & 1718 N. SEDGWICK ARE BEING SOLD TOGETHER BUT THEY CAN BE DIVIDED (2 PIN #'S). THE MAIN RESIDENCE ON FERN CT. IS A ONE-OF-A-KIND HOME THAT WAS CONVERTED FROM A HORSE STABLE DATING BACK TO 1903 AND THE 2 OTHER HOMES CAN BE USED IN MANY WAYS: KEEP AS YEARLY RENTALS / IN-LAW / NANNY / AIRB&B / OFFICE / ART STUDIO. BOTH HOMES CURRENTLY RENTED WITH GROSS REVENUE OF $73K / YEAR. RENTS ARE LOW FOR AREA AND MARKET/PROJECTED GROSS IS CLOSER TO $90K+/YEAR. THE MAIN RESIDENCE OFFERS APPROX 3100 SQ FT ON 2 LEVELS WITH 3 BEDROOMS, 2 FULL BATHS & 2 1/2 BATHS. THIS GORGEOUS SUN-FILLED HOME IS RIGHT OUT OF ARCHITECTURAL DIGEST WITH IT'S STUNNING DE GIULIO KITCHEN, BUILT-IN BANQUETTE SEATING, 17 FT. VAULTED & WOOD BEAMED CEILINGS, SKYLIGHTS, EXPOSED BRICK WALLS, AND AN AMAZING YARD BY LANDSCAPE ARCHITECT HOERR SCHAUDT WITH BUILT-IN GRILL, WOODBURNING FIREPIT W/GAS START, CUSTOM LIGHTING & IRRIGATION SYSTEM. THE YARD HAS BEEN PHOTOGRAPHED AND PUBLISHED IN BETTER HOMES AND GARDENS. THE TWO ADDITIONAL HOMES THAT COMPLETE THIS RARE OFFERING ARE LOCATED ON AN OVERSIZED 25X144 LOT AT 1718 N. SEDGWICK. ONE HOME/BUILDING IS A 3 LEVEL VICTORIAN HOME WITH 3 BEDS 2 1/2 BATHS (RENT = $4175/MONTH) AND THE 2ND HOME/BUILDING IS A BRICK BUILDING WITH 1 BED & 1 BATH (RENT = $1925/MO). THESE TWO HOMES ARE CURRENTLY RENTED UNTIL AUG 2023 AND RENTS ARE LOW FOR AREA. TENANTS PAY THEIR OWN UTILITIES. SELLER HAS EXCLUSIVE USE OF YARD AND 3 GARAGE SPOTS. SELLER PREFERS TO SELL ALL 3 HOMES / 2 LOTS TOGETHER. AMAZING OPPORTUNITY!
Listing courtesy of @properties Christie's International Real Estate.
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