Description
Investors looking near Shaker Square, this Duplex is just South of Shaker Blvd and East of E116/MLK. This is a fantastic location in walking distance to the Rapid, Lutheran Hospital, and Shaker Square. All mechanicals are in good working condition. Many vinyl windows. The Down unit is rented through 10-09-24 and pays $950 and the Up unit is rented for $831 and m2m, but would like to stay. It is a great income-generator and beats the 1% Rule while providing a strong Cap Rate. Property management is in place and could be continued allowing you to do nothing but collect $. PASSED Lead Certification!! Both tenants are sec8. Monthly rents = $1,781 and the total annual rents = $21,372. Other properties are available for sale on an individual basis (seller financing is not an option).
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4BEDS
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0.1ACRES
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2BATHS
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01/2 BATHS
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2,144SQFT
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$0$/SQFT
Listing information © 2024 YES-MLS.
Description
Investors looking near Shaker Square, this Duplex is just South of Shaker Blvd and East of E116/MLK. This is a fantastic location in walking distance to the Rapid, Lutheran Hospital, and Shaker Square. All mechanicals are in good working condition. Many vinyl windows. The Down unit is rented through 10-09-24 and pays $950 and the Up unit is rented for $831 and m2m, but would like to stay. It is a great income-generator and beats the 1% Rule while providing a strong Cap Rate. Property management is in place and could be continued allowing you to do nothing but collect $. PASSED Lead Certification!! Both tenants are sec8. Monthly rents = $1,781 and the total annual rents = $21,372. Other properties are available for sale on an individual basis (seller financing is not an option).
Listing information © 2024 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | REMAX CROSSROADS are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-10-05T00:07:40.81.