Description
Fantastic opportunity for cash flowing duplex. 10% Cap Rate, 20% Cash on Cash with 25% down conventional loan. Property has a corporate tenant (University Health) paying $857 / mo for 3307 with opportunity to place a similar tenant in 3305. Currently 3305 is boarded up for security, but there are functioning newer vinyl windows. 3305 could use a good clean and possibly new carpet, but is otherwise ready to go. 3307 is leased. Please do not disturb the tenant. 3305 is available for viewing and both units can be made available once under contract. They are identical. Well built building on a slab. Living room, kitchen, and utility room downstairs. 2 nice sized bedrooms and full bath upstairs. CRAZY low annual property tax at just $405 in 2021. This is a very economical building to operate. Window unit AC. Easy investment for anyone looking for good returns, or also has potential to live in one side and continue renting the other and have your mortgage paid by the rents! Easy highway access and not far from the booming 18th & Vine district with lots of new construction and amenities happening. Property is being offered as-is / inspections for buyer's info only.
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0BEDS
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0.14ACRES
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01/2 BATHS
Description
Fantastic opportunity for cash flowing duplex. 10% Cap Rate, 20% Cash on Cash with 25% down conventional loan. Property has a corporate tenant (University Health) paying $857 / mo for 3307 with opportunity to place a similar tenant in 3305. Currently 3305 is boarded up for security, but there are functioning newer vinyl windows. 3305 could use a good clean and possibly new carpet, but is otherwise ready to go. 3307 is leased. Please do not disturb the tenant. 3305 is available for viewing and both units can be made available once under contract. They are identical. Well built building on a slab. Living room, kitchen, and utility room downstairs. 2 nice sized bedrooms and full bath upstairs. CRAZY low annual property tax at just $405 in 2021. This is a very economical building to operate. Window unit AC. Easy investment for anyone looking for good returns, or also has potential to live in one side and continue renting the other and have your mortgage paid by the rents! Easy highway access and not far from the booming 18th & Vine district with lots of new construction and amenities happening. Property is being offered as-is / inspections for buyer's info only.
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