Two Unit Investment Opportunity

$134,700 • 4 Beds / 2 Baths • 1,884 SqFt
Offer Submission Deadline
  • 2-4 Unit
  • 4
  • 2
  • 1928
  • 1884
  • 6250
  • No Garage

Description

High-Cash-Flow 2 Unit Investment Opportunity

This solid brick 2-unit property presents a strong, income-producing opportunity for investors seeking immediate cash flow with minimal renovation required. Offered at $139,000, this asset delivers both stability and upside potential.

The exterior features durable brick construction in excellent condition, along with a well-maintained roof, significantly reducing near-term capital expenditures. The property also includes a detached garage-style shed with space for one vehicle, adding additional utility and rental appeal.

Inside, the property consists of two well-laid-out units:

  • Upper Unit: 2 bedrooms, 1 bathroom
  • Lower Unit: 2 bedrooms, 1 bathroom

Each unit is positioned to generate strong rental income with only cosmetic improvements needed, making this a true light-rehab opportunity.

Mechanical Highlights:

  • Brand new electrical panel
  • Furnace in working condition
  • Water heater in working condition

Income & Return Analysis

  • Projected Rent: $1,350 per unit
  • Total Monthly Income: $2,700
  • Annual Gross Income: $32,400

Performance Metrics:

  • Gross Rent Multiplier (GRM): 4.29
  • Estimated Cap Rate: ~18–20% (depending on expenses)
  • High Cash-on-Cash Potential with minimal upfront rehab

Investment Summary

This property offers a rare combination of:

  • Low acquisition cost
  • Strong rental demand potential
  • Minimal rehab scope
  • Immediate income upside

Ideal for investors looking to add a high-yield duplex to their portfolio with the ability to force appreciation through light improvements and optimized management.

Estimated Spread

  • ARV $215,000
  • Price $139,000
  • Spread $76,000

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