PROPERTY DETAILS

Property Description

Great investment potential! This is an excellent opportunity to acquire a fully rented duplex offering immediate cash flow and an attractive 8.4% cap rate (including operating expenses). With both sides currently leased at $1, 200 per month, the property generates $2, 400 in monthly rental income, making it an appealing addition to any investment portfolio. Each side of the duplex features a functional 2-bedroom, 1-bathroom floor plan, offering the privacy and convenience tenants desire. The property features city water and sewer, providing desirable infrastructure for long-term rental ownership. Conveniently located near shopping, dining, medical facilities, and other everyday amenities, this property offers tenants easy access to the essentials while providing investors with an established rental location. Whether you're an experienced investor looking to expand your portfolio or seeking an income-producing property with tenants already in place, this duplex offers an opportunity to step into an existing rental operation without starting from scratch. Two income-producing units. Established rental income. An attractive 8.4% cap rate. Don't miss this opportunity to add a fully occupied duplex to your investment portfolio! A second fully occupied duplex directly to the left is also for sale at $1, 200 / side as well (1510 Melady Ave -- MLS#: 328625)