1758 Algonac
Property Description
ATTENTION INVESTORS! EXCELLENT DUPLEX OPPORTUNITY WITH IMMEDIATE INCOME & ADDITIONAL RENTAL POTENTIAL! Fantastic opportunity to expand your investment portfolio with this spacious two-family property offering a great combination of existing rental income and the flexibility of a vacant unit! This duplex features a vacant 2-bedroom unit and an occupied 3-bedroom unit, making it an attractive opportunity for both seasoned investors and buyers looking to get started in real estate investing. The upstairs 3-bedroom unit is currently occupied by a market-rate tenant who is current on rent, paying $670 per month plus an additional $125 flat monthly fee for water and sewer, providing $795 in total monthly collections. The vacant 2-bedroom unit offers an excellent opportunity for the next owner to make improvements, establish their own rental rate, and create an additional income stream! Whether you're looking to add another income-producing property to your growing portfolio or explore the possibility of occupying one unit while collecting rent from the other, this property offers tremendous flexibility and potential. DON'T MISS THIS OPPORTUNITY TO OWN A DUPLEX WITH EXISTING RENTAL INCOME AND ROOM TO INCREASE CASH FLOW! Property is being sold AS-IS. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.
Broker Details
Coldwell Banker Schmidt Realty (440) 572-0220
MLS ID: 426983 State License Number: 426983
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $113,500 |
| Year Built: | 1928 |
| Lot Size: | 3,188.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 2 |
ID: 3yd-NEOHREXOH-5236708
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1905 ELIZABETH Street
Springfield, Illinois
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout