742 S 17th Avenue

Property Description

Discover a fantastic investment opportunity in Newton with this solid income-producing duplex located at 742 S 17th Ave W. This well-maintained property features two spacious 3-bedroom, 1-bath units--each with its own attached 2-car garage, a rare amenity for a multifamily home in the area. Both units are currently tenant-occupied by long-term residents, each paying $850 per month on month-to-month leases, providing immediate cash flow and flexibility for future plans. Whether you're an investor looking to add value through cosmetic updates and increase rents, or a buyer wanting to live in one unit while renting out the other, this property offers great potential. For those considering owner-occupancy, this duplex qualifies for FHA, VA, and USDA financing options--provided the buyer resides in one of the units, making it an excellent choice for house hacking or first-time homeownership with income support. With a total current rental income of $1,700 per month and room to grow, this property offers a strong foundation for building wealth through real estate in a stable and growing community. Don't miss your chance to own a duplex with great layout, solid structure, and built-in upside.