Income-Producing Duplex with Value-Add Potential (Near 1% Rule) Check out this duplex offering immediate rental income plus upside through a potential third efficiency unit. The property features two fully occupied units (front and back), generating $1,925/month in total rent, positioning this opportunity close to the 1% rule for investors seeking… Read More strong cash-flow metrics. The front unit has been updated with durable vinyl plank flooring throughout, while the back unit features low-maintenance stained concrete floors. Both units offer spacious kitchens with plenty of room for a breakfast table. All appliances convey with the property. Each unit includes over 1,000 square feet, 2 bedrooms and 2 full bathrooms, including a primary suite with 2 walk-in closets. Hall baths feature tub/shower combinations, and primary baths include stand-up showers. Living areas include fireplaces that have been capped and are not currently operational. Outdoor spaces add tenant appeal, with a private patio for the front unit and a screened patio with fenced yard for the back unit. A detached garage with storage and covered parking is very attractive to tenants. Value-Add: The detached structure previously functioned as an efficiency apartment and still has some plumbing and electrical in place, presenting the potential to reestablish a third income-producing unit (buyer to verify). Photos reflect the occupied front unit and back unit prior to current tenant occupancy. To close w/ Mandy @ Twin City Title. $1,000 Earnest Money required. Read Less
Courtesy of Sarah Sealy, Griffin Realtors Griffin Realtors 870-774-6101
Listing Snapshot
Days Online
140
Last Updated
Property Type
Duplex
Square Ft.
2,384
Lot Size
0.28 Acres
Year Built
1980
MLS Number
204558
Additional Details
Appliances & Equipment
Appliances: Dishwasher, Electric Range, Refrigerator, Water Heater
Building
Architectural Style: Cottage, Building Area Total: 2,384, Built in 1980, Construction Materials: Brick, Levels: One, Living Area: 2,384, Number Of Units Total: 2
Cooling
Cooling Included, Cooling: Central Air
Fireplaces
Fireplace Included, Total Fireplaces: 2
Floors
Flooring: Concrete, Luxury Vinyl
Foundation
Foundation Details: Slab
Garage
Garage
Heating
Heating Included, Heating: Central, Electric
Interior Features
Interior Features: Ceiling Fan(s)
Laundry
Features: Electric Dryer Hookup, Laundry Closet, Washer Hookup
Lot
Acres: 0.28, Area: 12196.8, Square Feet: 12,197
Parking
Parking Features: 1 per Unit, Garage
Property
Property Sub Type: Duplex, Road Frontage Type: City Street, Road Surface Type: Concrete
Roof
Roof: Composition
Sewer
Sewer: Public Sewer
Tenant Pays
Tenant Pays: All Utilities
Utilities
Electric: Electric - AEP Swepco, Utilities: Cable Available, Internet Available, Water Source: Public
Windows
Window Features: Double Pane Windows
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