Description
Duplex opportunity in the heart of the city steps from shopping and dining on Marshall Street, transportation and more. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. 10 CAP rate! High income producing duplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance. Potential Rent income produced $1,416 positive cash-flow per month & $17K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Plus, an additional $50 for water each month. Owner pays ONLY Water/Sewer/Trash/Insurance ($5,004/year) & Taxes ($4094/year). Unit 1 (1BR) occupied $975/month ($11,700/year). Unit 2 (2BR) occupied $1,200/month ($14,400/year). Profit & Loss Math: $11,700+$14,400=$26,100-$4,094-$5,004=$17,002 Positive Cash flow.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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2,048SQFT
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$115$/SQFT
School Information
Description
Duplex opportunity in the heart of the city steps from shopping and dining on Marshall Street, transportation and more. 2-unit ideal for an owner occupant or investor looking to start/add to a portfolio. 10 CAP rate! High income producing duplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance. Potential Rent income produced $1,416 positive cash-flow per month & $17K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Plus, an additional $50 for water each month. Owner pays ONLY Water/Sewer/Trash/Insurance ($5,004/year) & Taxes ($4094/year). Unit 1 (1BR) occupied $975/month ($11,700/year). Unit 2 (2BR) occupied $1,200/month ($14,400/year). Profit & Loss Math: $11,700+$14,400=$26,100-$4,094-$5,004=$17,002 Positive Cash flow.
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