132 Leneake St

Investor Special – Two Homes on One Parcel with Strong Income Potential Rare opportunity to acquire two separate houses on one parcel in Wilkins Twp. This value-add property offers multiple income streams and significant upside for investors looking to renovate and reposition rental housing. The front home is a substantial stone and stucco residence featuring 4 bedrooms and 1 bath. The main level offers a large eat-in kitchen and separate living room, while the second floor includes two bedrooms and a full bath. Two additional bedrooms occupy the third floor. The walkout basement provides utility and storage space. This home was previously tenant occupied and has since been cleaned out. It remains structurally solid but will require cosmetic improvements and finishing work before returning to service. The rear home is a separate 1 bedroom, 1 bath house with an additional office, accessible from the road behind the property and carrying its own address. Tucked into a wooded setting, the home offers a surprising level of privacy and separation from the front residence. The main level contains an eat-in kitchen and utility/laundry/bath area, while the upper level features a walkout living room, bedroom, and office space. Utilities are currently on, and the property benefits from updated double-pane windows on the upper floor. Cosmetic improvements are needed, but less work is required than the front house. Based on current rental market data, investors may find potential rents in the range of approximately $1,300–$1,500/month for the 4-bedroom front house and $800–$950/month for the rear 1-bedroom home, subject to condition, tenant qualifications, and market conditions. The property is being sold strictly AS-IS. Seller is an out-of-state owner and will make no repairs or improvements. Current photos were taken prior to cleanout; updated photos will be added as available. Whether you're looking for a BRRRR opportunity, long-term cash flow, or a project with multiple exit strategies, this unique two-home property deserves a closer look.