Investor opportunity with immediate income potential and upside. This side-by-side duplex features two 2-bedroom, 1-bath units, each with private basements, but shared stairwell access. Both units are currently vacant, giving investors the rare ability to set rents at current market rates from day one or owner-occupants house hackers the flexibility… Read More to offset their mortgage with rental income. Based on projected rents of approximately $1,200 per side, the property presents an estimated gross annual income of $28,800 and an approximate 13.1% gross cap rate at the current asking price, with estimated real-world cap rates potentially landing closer to the 7.5–8.5% range depending on management style and operating expenses. Cap rates in the multifamily sector commonly fall between roughly 4% and 10%, placing this asset squarely in the conversation for cash-flow-focused investors seeking stronger yield potential. The single-story layout appeals to a broad tenant pool looking for practical, accessible living. Mature trees provide shade and established curb appeal, and the oversized lot configuration creates a more residential feel than many comparable duplex properties. Whether you're building a long-term rental portfolio, searching for a value-add multifamily opportunity, or looking for a house-hack scenario where you live in one side and lease the other, this property checks the boxes investors look for: vacant units, market-rent potential, functional floorplans, basements for added storage/utilities, and a strong rent-to-price ratio that approaches the investor-favored “1% rule. Lock it in now before the big soccer event and then long-term rental potential. Seller is open to assisting with a rate buy down with the right offer, creating additional flexibility for investors navigating today’s financing environment. Opportunities to acquire a move-in-ready duplex with immediate leasing potential and strong projected returns are becoming increasingly difficult to find. Read Less
Listing Snapshot
Days Online
9
Property Type
Duplex
Lot Size
0.24 Acres
Year Built
1965
MLS Number
2618948
Additional Details
Building
Construction Materials: "Brick Veneer", Year Built: 1965
Cooling
Details: "Window Unit(s)"
Heating
Heating: "Forced Air"
Lot
Size: 0.24
Parking
Parking Total: 0
Property
Zoning: MF
Roof
Description: "Composition"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Ind Heat And Air", "Ind Water Heaters"
Listing courtesy of RE/MAX Elite, REALTORS 816-373-8400
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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright , Heartland Multiple Listing Service, Inc. Heartland MLS and Legendary Apartment Brokers do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Listings last updated on ,
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