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 vacant and the Up unit is rented for $831 through 7/29/23. Fully occupied, this property should generate approx $20K each year. It is a great income-generator and beats the 1% Rule while provide a strong Cap Rate. Property management is in place and could be continued allowing you to do nothing but collect $. This property could be purchased with others that make up a 27-property portfolio. Buy one, buy some or buy them all! List of properties is available upon request. PASSED Lead Certification!! FYI - landlord has started the process of renting the down unit through CMHA for $950/month, so that the total annual rents = $21,372
-
4BEDS
-
N/AACRES
-
2BATHS
-
01/2 BATHS
-
2,144SQFT
-
$62$/SQFT
Listing information © 2023 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 vacant and the Up unit is rented for $831 through 7/29/23. Fully occupied, this property should generate approx $20K each year. It is a great income-generator and beats the 1% Rule while provide a strong Cap Rate. Property management is in place and could be continued allowing you to do nothing but collect $. This property could be purchased with others that make up a 27-property portfolio. Buy one, buy some or buy them all! List of properties is available upon request. PASSED Lead Certification!! FYI - landlord has started the process of renting the down unit through CMHA for $950/month, so that the total annual rents = $21,372
Listing information © 2023 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 Keller Williams Chervenic Realty 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 2023-09-22T16:07:52.457.