Description
11.9% CAP rate! Exceeds the 1% rule! - total rents $2675 when fully occupied before 2nd floor updates. Excellent investment opportunity - this unique property consists of a duplex and a single family home on the same parcel, deeded together. The duplex has 4 bedrooms and 2 bathrooms (2 bedroom, 1 bath on each level). The single family home is a 1 bedroom, 1 bathroom cottage with laundry inside the unit as well as a basement for storage. Apt 1 (first floor of duplex) is approximately 1000 square feet with 2 bedrooms and 1 bathroom with basement access for laundry. The bathroom was recently remodeled and has a newer water heater and furnace. Apartment 2 (second floor) has been recently vacated and updated and is a 2 bedroom, 1 bath home with approximately 1000 square feet of living space with a new refrigerator, fresh paint, all new flooring. See documents section for a list of updates and details. Unit 1 and rear cottage are currently tenant occupied - unit 2 is vacant and can be shown anytime.
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5BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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3,290SQFT
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$68$/SQFT
School Ratings & Info
Description
11.9% CAP rate! Exceeds the 1% rule! - total rents $2675 when fully occupied before 2nd floor updates. Excellent investment opportunity - this unique property consists of a duplex and a single family home on the same parcel, deeded together. The duplex has 4 bedrooms and 2 bathrooms (2 bedroom, 1 bath on each level). The single family home is a 1 bedroom, 1 bathroom cottage with laundry inside the unit as well as a basement for storage. Apt 1 (first floor of duplex) is approximately 1000 square feet with 2 bedrooms and 1 bathroom with basement access for laundry. The bathroom was recently remodeled and has a newer water heater and furnace. Apartment 2 (second floor) has been recently vacated and updated and is a 2 bedroom, 1 bath home with approximately 1000 square feet of living space with a new refrigerator, fresh paint, all new flooring. See documents section for a list of updates and details. Unit 1 and rear cottage are currently tenant occupied - unit 2 is vacant and can be shown anytime.
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Listing provided courtesy of RE/MAX Premier Properties: (502) 384-5944.
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