37-A & B S Colonial Drive

Description

This well kept investment property is ready for new ownership. 2 units each with 3 bedrooms and 1.5 bathrooms. Full walk-out basements with laundry areas on each side. Basements could be finished to add additional living space and rental income increases. Each side has had numerous updates since it was constructed. The property has been owned by the same individuals since it was constructed in 2004. Each time the units are rented tenants have been long term renters. Easy to rent and easy to maintain.Rents are $1575 per side with new tenants taking occupancy on 12 months leases. Tenants pay electric, water, sewer charges. Rent includes lawn care, trash and recycling. Recent updates include... new roof in 2025, new front concrete porch and columns in 2024, improved decks and stained in 2025, new central air system in unit B in 2025, central air replaced in unit A several years ago, new hot water heater in unit A in 2025. Updated appliances. Fresh paint throughout each unit in the past 4 weeks.Paved off-street parking. Minimal expenses for owners. Convenient location near Rt.40, I-70 and major shopping and employment centers.