Active

$599,900

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 2036 sq ft
Overview
  • ID: MFRTB8533283
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 2036 sq ft
Property Details
Remarks
Priced at $599,900 with an estimated NOI of $40,605, this fully renovated duplex delivers a cap rate of roughly 6.8% right out of the gate — a turnkey income property with no deferred maintenance to eat into returns. Both units are currently occupied by strong, reliable tenants generating a combined $4,040 per month in rent, with one unit at $2,095 and the other at $1,945, giving a new owner immediate and stable cash flow from day one. Adding to the opportunity, this duplex is part of a package of four buildings situated right next to one another, with three additional duplexes also available for sale. For an investor looking to scale quickly, acquiring the full grouping offers the chance to build instant density in a single location — simplifying management, maintenance, and future disposition while multiplying the income stream. Each building can be purchased individually, but the adjacency of all four makes this a rare chance to control an entire pocket of well-maintained, income-producing real estate. This is not a fixer that will drain your reserves. Both units have been taken down to the studs and completely renovated, with a roof replaced just five years ago meaning one of the largest capital expenses is already handled. Inside, the kitchens and bathrooms have been extensively upgraded and finished with quartz countertops that give the interiors a clean, modern appeal tenants are willing to pay for. Each master bathroom features a walk-in shower, adding to the elevated, move-in-ready feel that keeps quality tenants in place and turnover low. For an investor looking to add a low-maintenance, income-producing asset to their portfolio, this property checks the boxes that matter: recent capital improvements, quality finishes, and in-place tenants at market rents. Whether you purchase this building on its own or pursue the full four-building package, this is an opportunity to acquire cash-flowing real estate that's already been brought up to a high standard. Reach out today to review the financials and schedule a private showing.
Financial Considerations
Price:
$599,900
HOA Fee:
N/A
Tax Amount:
$2035.13
Price per SqFt:
$294.65
Tax Legal Description:
LOT 2 LESS THE W 37.15 FT DE LOACH SUB PI#65559.0017/1
Exterior Features
Lot Size:
3790
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central, Electric, Heat Pump
Cooling:
Central Air
Appliances:
Built-In Oven, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Luxury Vinyl
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1985
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence, Private Entrance, Private Yard, Sidewalk
Additional Features 2:
None
Map
  • Address
    1207 62ND AVE E
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