If you have a large or extended family, The Duplex provides two homes with an inter-leading door that provides privacy or togetherness.
Live on one side and rent the other Live for free and choose your tenant.
As a retirement and income producing investment Renting both sides can give a 7% return on investment even without the tax and appreciation benefits. Move into one side when you retire or use one side as a vacation home.
As a profitable business An AirBNB, Bed and Breakfast or Short Term rental. Each side of The Duplex has its own water, town gas and electric meters.
The Duplex has Low Operating Costs
Property taxes. Although property is being re-assessed the 2022 annual property tax is only $1,177.63 annually for the building. Low utility expenses. High efficiency HVAC units and envelope insulation Low maintenance. The glazed brick facing and elastomeric roof paint Low maintenance modern and recent systems. Electrical wiring, plumbing, appliances and HVAC were replaced as part of the restoration and require minimal maintenance.
