Quick Summary
Quick Summary
- Legal duplex in Blakely neighborhood
- Fully leased collecting $41,000 annually
- NOI of $31,700 offering 4.2% cap rate
- Vast double lot presents development potential
- New buyers can live in one unit collecting rent
- Rent reduces monthly expenses $1,500 to $2,000
- Garage rented separately as well
- Great revenue generator or expense reducing property
Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The... Show More
Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
Living room
11′8″ x 10′9″
Bedroom
10′2″ x 9′6″
Bedroom 2
11′5″ x 8′5″
Kitchen
12′ x 10′11″
Dining room
12′6″ x 10′
Living room
16′8″ x 12′7″
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