15-17 Wall Street, Auburn

Description

Investors and owner occupied buyers, welcome to 15-17 Wall St! These 2 single family homes on one parcel offers its next owner the potential to occupy one single family home while someone pays your mortgage in the other, or is a perfect addition to add to your portfolio! With ZERO utility expenses and minimal overhead, these properties generate a strong cash-flow presence, and nothing but potential! With the offering of 2 single family homes on 1 parcel, the potential is limitless. The front house(17 Wall) offers 4 beds and 1.5 baths with generously sized bedrooms, one being on the first floor and in-unit laundry, while the back house(15 Wall) offers 3 large bedrooms, 1 bath, an enclosed back entry, and in unit laundry.

With a current NOI of approximately $17,908, delivering a strong ~11.9% cap rate, the value is already present! The long-term tenants provide reliable income, while current rents offer clear value-add potential for future increases.

Whether you’re looking to expand your portfolio or secure a high-yield, stable investment, this property delivers both immediate cash flow and future growth potential.