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Listed by American Realty Company
Presented for sale is a large colonial home situated in the town of Unity and within walking distance of all town amenities including; shops; doctors office; cafes; banks; and a short drive to Unity College. The once single-family home, now consists of 2 x 3 bedroom rental properties, with both split over 2 floors. The current tenants began their leases in October and November 2020 and pay $1050 & $950 per month respectively, this offer a gross yield of 14.5% per annum based on the asking price. There is also a double garage that was once used as a bakery, this could potentially be used as commercial again, with the right permits, for extra investment potential, or converted back to a double garage. The property is reported to have been built in 1820, and has been rented out, so will need some investment to bring back to its full potential. There is also the potential to bring this back to a single-family home again creating a 3908 sq ft home, or subdivide further

Property Details of 160 Main Street

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