This is currently the cheapest duplex by $20K, duplexes with returns like these are rare, especially with long-term tenants. The current CAP is 9.6% with room to increase to a high CAP of 11.6%. The monthly market rent is $1,590 for each unit. Currently, each tenant pays $1200 per month. FYI fully renovated duplexs in this zip code have sold for $300,000 plus. Ask for our MLS Comps supporting the value given.
All appliances are covered 100% until May 8, 2028, for both units. Coverage does remain with the new buyer. A four-point inspection from 2022 shows the roof, electrical, and A/C units are in good working condition, and the plumbing was updated.
An investor can increase the cash ROI, renovate the entire duplex, bring the tenants to market rent at $1600 per month each, and collect an amazing $38,400 annually: net Income $33,000, net yield 11.64%
Act now. Contact your EquityPro Advisor, and secure this investment opportunity.