Discover the investment potential at 1208 Bolton Street, a remarkable end-of group rowhome situated on a prestigious block in the coveted Bolton Hill neighborhood. With 2 stories, 2 bedrooms and 2 full baths in each apartment, this property offers an exceptional opportunity for homeowners and investors. Residents enjoy a private oasis in the back yard, with a wooden pergola and mature plants and flowers.
Apartment One was owner occupied for years and has significant upgrades. With new central air conditioning and new Pella vinyl replacement windows, featuring internal blinds, tenants enjoy a comfortable and energy-efficient living environment. Both apartments have hardwood floors throughout living spaces and scattered accent features, such as mirrored walls, track lighting and hanging chandeliers. Kitchens are designed for function and include 5-burner gas ranges, dishwashers and disposals, accented with granite countertops and real wood cabinets. Tenants can enjoy cooking with easy clean up. All four bathrooms have modern vanities, ceramic tile tub surrounds, and ceramic tile floors.
A Weil-McLain, gas-fired hot water radiator system provides heat to both apartments. Apartment 2 can use window air conditioning units for comfort. Each unit is separately metered for gas cooking fuel, gas water heating and electric. A savvy investor would put in place a ratio utility billing system (RUBS) and bill back tenants for gas heat and city-provided water and sewer. A shared washer and dryer is in the basement for added convenience. All observable interior water supply lines have been upgraded to copper. Observable drain lines are PVC. A new TPO roof will serve the building and owner well for many years to come.
What’s Great About Bolton Hill:
1208 Bolton is within easy cycling or walking distance to Penn Station, providing occupants quick access to Washington DC or New York City. MICA attracts student renters year after year. Investors are pleased to know that Bolton Hill is a preferred neighborhood, renowned for its cleanliness, safety, and meticulous upkeep. This sought-after location consistently attracts exceptional tenants who are willing to pay high market rents, ensuring a lucrative return on investment.
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th September, 2023 11:54 PM (UTC)