2813 LORRAINE ST

Welcome to an exceptional investment opportunity located in a centrally located neighborhood! This versatile property, totaling 1599 sqft, offers a unique layout perfect for maximizing rental income. Split into two distinct sections, this property provides both a comfortable family home and a separate studio apartment, each with its own entry and amenities.

Main Residence

Size: Approximately 1100 sqft
Layout: 3 Bedrooms, 1 Bathroom
Features:
Outdoor Space: Enjoy a spacious patio and a refreshing pool, perfect for entertaining or relaxing on sunny days.
Living Area: Bright and open living spaces with modern finishes.
Kitchen: Fully equipped kitchen with updated appliances and ample storage.
Bedrooms: Three well-sized bedrooms with plenty of natural light.
Bathroom: Clean and contemporary design with modern fixtures.
Studio Apartment

Size: Approximately 499 sqft
Layout: Open-concept studio
Features:
Separate Entry: Private access ensures complete independence from the main house.
Parking: Dedicated parking spot for the studio apartment.
Living Area: Cozy and efficient space with a kitchenette and a comfortable living/sleeping area.
Bathroom: Full bathroom with modern amenities.
Financials

Gross Income (2023): $58,000
Income Breakdown: Both units have been successfully rented short-term, providing a consistent and lucrative income stream.
Investment Potential

High Demand Location: Situated in a popular area, this property attracts tourists and short-term renters year-round.
Flexible Usage: Ideal for investors looking to maximize rental income or for owner-occupants wanting to live in one unit while renting out the other.
Proven Track Record: With a gross income of $58,000 in 2023, this property has demonstrated strong earning potential.
Additional Information

Parking: Ample parking space for both units.
Utilities: Separate metering for ease of management.
Proximity: Close to local attractions, dining, shopping, and public transportation.
Don't miss out on this rare investment opportunity! Whether you're an experienced investor or looking to enter the rental market, this property offers flexibility, strong income potential, and an attractive lifestyle for tenants.