2 family with lots of Fringe benefits.
Village Fringe is supposed to be within village limits or within walking distance to town, shops and transportation. Recently, Fringe has started to mean a short drive… However, this is the real deal!
And this is what $1.2m is supposed to look like. But, with a reduced selling price of $980 , it would be a steal at $940 to $960k.
The property is within the village of East Hampton and is a legal two family. Each apartment would easily rent for $2500 each and has a separate garage. It’s not a big property but is within walking distance to bus, train and shops, and a short bike to the beach.
Comps around the area or neighborhood would run between $1.4m to $1.8m.
Fixed up with a budget of $350k this house would re-sell for $1.850m – very quick!
We don’t expect this one to last long. Most will run and not walk to make a deal… chances are it’s priced to get multiple offers.
