Description
Value-Add Duplex Investment Opportunity with Strong Upside!Excellent opportunity to acquire physical both sides of twin homes currently configured and operated as a duplex (one deed). Each unit features two spacious bedrooms and generously sized living areas, offering desirable layouts that support strong tenant demand. Plenty of parking!The property is currently tenant occupied, with tenants responsible for heat, electric, and other utilities, while the landlord pays water, sewer, and trash.This asset offers significant value-add potential through multiple avenues, including bringing rents to market value and additional upside may be achieved by transferring water, sewer, and trash expenses to tenants through separate metering which only entails low-cost utility reconfiguration, allowing for improved operating efficiency and increased net income.Ideal for investors seeking an income-producing asset with clear NOI growth and cash-flow enhancement opportunities. Income and expense data will be added shortly to reflect the most current operating information.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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2,165SQFT
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$57$/SQFT
Description
Value-Add Duplex Investment Opportunity with Strong Upside!Excellent opportunity to acquire physical both sides of twin homes currently configured and operated as a duplex (one deed). Each unit features two spacious bedrooms and generously sized living areas, offering desirable layouts that support strong tenant demand. Plenty of parking!The property is currently tenant occupied, with tenants responsible for heat, electric, and other utilities, while the landlord pays water, sewer, and trash.This asset offers significant value-add potential through multiple avenues, including bringing rents to market value and additional upside may be achieved by transferring water, sewer, and trash expenses to tenants through separate metering which only entails low-cost utility reconfiguration, allowing for improved operating efficiency and increased net income.Ideal for investors seeking an income-producing asset with clear NOI growth and cash-flow enhancement opportunities. Income and expense data will be added shortly to reflect the most current operating information.
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