217 2nd Street
Property Description
Income-Producing Duplex Portfolio - 4 Units - Cash Flowing Located at 217 Southeast 2nd Street in Cross Plains, this well-positioned two-building, four-unit duplex complex presents a compelling opportunity for investors seeking immediate cash flow with long-term upside. The property consists of two separate duplex buildings, offering operational flexibility and reduced risk through unit diversification. All four units are currently cash flowing, making this a true turnkey investment from day one. Recent improvements include minor updates to the HVAC systems, enhancing efficiency and reliability, as well as newer appliances throughout the units-helping to reduce near-term capital expenditures and support tenant retention. The layout and configuration appeal to long-term renters, while the separate building setup provides potential advantages for future value-add strategies, individual building disposition, or refinancing options. Highlights for Investors: Two buildings - four total units - duplex configuration Currently cash flowing Updated HVAC components Newer appliances Low-maintenance asset with stabilized income Strong fit for buy-and-hold or portfolio expansion This is an excellent opportunity to acquire a stabilized multifamily asset in a solid rental market, offering both immediate income and long-term appreciation potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $230,000 |
| No. of Units: | 4 |
| Year Built: | 2018 |
| Lot Size: | 3,120.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $57,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-NTREIS-21135250
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