20 Barber St, Auburn, NY 13021

Description

Completely Renovated Two-Family Home with Strong Income Potential

This exceptional two-family home has been completely remodeled from the studs up, offering the rare opportunity to own a virtually turn-key investment property with extensive updates throughout. No detail was overlooked, with all major components of the property replaced or updated, including windows, doors, roof, insulation, plumbing, electrical, mechanical systems, appliances, kitchens, and bathrooms.

Each spacious unit offers three bedrooms, a full bathroom, and its own laundry, providing desirable amenities for today’s tenants. Both units also feature a covered porch, adding valuable outdoor space and curb appeal.

Designed with ease of ownership in mind, the property features separate utilities for each unit, including gas, electric, and water, allowing tenants to be responsible for their own utility consumption.

With estimated current market rents of approximately $1,500 per unit, the property offers projected gross annual rental income of approximately $36,000 and an estimated annual net operating income of just over $30,000, making this an attractive opportunity for both investors and owner-occupants seeking additional rental income.

With the major renovations already completed, separate utilities, modern finishes, and strong rental potential, this property is ready to generate income from day one.