503 Coffee St

This beautiful property in historic Salemtown/Germantown was originally built in 1930 and was fully renovated in 2016. The main house was expanded to 2,407 SF to include a two-story addition on the rear side of the house featuring a bonus room, 3 bedrooms, 2.5 bathrooms, with the primary suite on the main level. Seller built the 850 SqFt, 1 bed/1.5 bath guest house (DADU) in 2019. The guest house has been used as a longterm and short term rental. This property has tremendous income producing potential (live in one unit, rent out the other unit as an STR or LTR)! 503A comps are between $4,000-$6,000/month as a longterm rental. 503B comps for around $2,200-$2,400/month as a longterm rental, potentially higher as an Airbnb. 503A FEATURES: Columns in foyer were rescued from a historic temple in India that was being demolished.These columns are decorative and can be removed. Windows feature plantation shutters. Backsplash in kitchen was added by seller, along with tankless water heater and a new HVAC unit downstairs. All appliances in kitchen are to remain with property, as well as, the washer and dryer in laundry room. The two fireplaces are no longer functional and were sealed off when the home was originally renovated in 2016, however, they could be converted for electric fireplaces. The luxurious primary bathroom suite comes with a marble counter top, marble tiles on floor and walls, a large walk-in shower and an antique cast-iron free standing bathtub. Bonus room and two additional bedrooms and bathroom with double vanities located on second floor. 503B FEATURES: Van Gogh "Starry Night" mural on privacy fence was commissioned by seller for $7,000 and adds unique charm for Airbnb guests. Kitchen and bathrooms in guest house have copper fixtures, tiled walls in half bath were handmade in Spain, washer and dryer in laundry room behind hidden door will remain, all furniture in guest house to remain. Dining room table is negotiable with an acceptable offer.