Description
Opportunity to renovate and in increase both rental income and equity dramatically! Duplex with long term tenants in an area of active renovation. Easy to Maintain and Low Renovation Cost, this cinder block building has great potential. Keep property as is or make a few updates to bring property to its full potential. Property is listed at a 7% CAP rate with its current rental numbers. Currently Under Rented! Downstairs unit is on a voucher program ($675) Upstairs unit has been there 10+ years ($500)....Both units combined would bring in well over $2000 per month after reasonable renovation.
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4BEDS
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0.08ACRES
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2BATHS
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01/2 BATHS
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1,570SQFT
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$0$/SQFT
School Ratings & Info
Description
Opportunity to renovate and in increase both rental income and equity dramatically! Duplex with long term tenants in an area of active renovation. Easy to Maintain and Low Renovation Cost, this cinder block building has great potential. Keep property as is or make a few updates to bring property to its full potential. Property is listed at a 7% CAP rate with its current rental numbers. Currently Under Rented! Downstairs unit is on a voucher program ($675) Upstairs unit has been there 10+ years ($500)....Both units combined would bring in well over $2000 per month after reasonable renovation.
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