Outstanding investment property! Great for investment purposes or live in one side and rent the other to help pay your mortgage. Home has been a cash
machine for years! Rare single-level duplex on quiet street, super close to police and fire. 3 bedrooms/ 1 bath each side. Unit #1 virtually move-in ready. Unit #2 needs cosmetic rehab including some floor covering, paint, etc. Mostly hardwood floors in each unit. Home has been owned for approximately 9 years. Unit #1 tenant just moved out after 7+ years. Unit #2 tenant just moved after 9 years. Very stable occupancy! Separate utilities, owner pays water and lawn care. Rents were under market rates as tenants had been with home for many years.
Workers have been approached many times by people wishing to rent units as soon as they became vacant! Demand is readily present!
Rent increase to $1600.00-1700.00/month (for both units rented) very possible!
Property Features
Heating Information
Forced Air
Natural Gas
Cooling Information
None
Water Features
Other
Parking
On Street
Basement
Crawl Space
Listing Courtesy: Key Realty - Monroe - 877-593-7589