About This Property
3 Unit duplex in great central location. Totally updated in 2016 and currently fully rented for $3,695/month. Located walking distance to transit and close proximity to Spruceland Mall, hospital and downtown. Ground floor unit is a large 3 bed 1 bathroom and upstairs are two X 2 bed 1 bath units. All the units are bright and airy with nice layouts. Shared laundry and ample parking. Some updates include windows, doors, electrical, siding, kitchens, flooring and insulation. All measurements approximate and to be verified if deemed important.
Features
- Built in 1961
- 0.14 Acre Lot
- 2,678 SQFT Building
- $3,695 / month gross rent
- Market rents would net $400 more
Asking Price: $599,000
Initial Cash Required: $133,000
Monthly Cash Flow: $417
Target Annual ROI: 27%
Target Profit if sold after 10 Years: $360,000
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