Space to Live, Income to Ease the Mortgage

When I bought this two-flat near Winnemac Park, I wasn’t chasing instant cash flow. I was betting on location, structure, and the kind of upside that doesn’t show up on day one but tends to reveal itself over time if you’re patient and willing to put in the work.
And I was willing to put in the work.

The building had good bones and room to grow. We made improvements right away, including converting the basement into a nonconforming unit. That added a third income stream and gave me some immediate breathing room on the mortgage. Suddenly, the building didn’t just sit on my balance sheet. It started to carry its own weight. I had flexibility. I could travel. The property became a partner.

As the neighborhood matured, so did the math. A refinance improved the monthly outlook. Rents in the area climbed steadily. Nothing dramatic, just consistent upward movement. We stayed patient and kept investing. Roof work. Parapet repair. Updated mechanicals. New front tiles. Even the neighbors put in fresh fencing, the kind of subtle shift that tells you a block is tightening up.

And then we pushed it one step further: two brand-new kitchens and baths with finishes that go well beyond the average two-flat. Clean design, modern functionality, the kind of detail you notice even if you don’t have the words for it.

The building is now delivered vacant and ready for your next chapter, whether that’s as an owner-occupant looking to offset your mortgage or an investor ready to set rents at market.

Projected rents:

• Unit 1: $2,200 to $2,300

• Unit 2: $2,400

• Basement unit: $1,500

• Garage: additional income potential at market rate

More info on the numbers.

At $995,000, this isn’t just a well-maintained property. It’s a fully realized one. The hard part’s been done.