Turnkey investment opportunity, own both sides of this duplex with strong, reliable income in place. The property currently generates $3,905/month in rental income, with each spacious unit offering 2,136 total sq ft, 3 bedrooms, 2 bathrooms, basement, attached one-car garage, and a shared driveway.
Unit 3812 is leased through 12/31/2026 at $1,900/month to a long-term tenant of 17 years, while Unit 3822 is leased through 11/30/2026 at $2,005/month to a newer tenant who intends to stay long term. Both tenants are 100% Section 8 subsidized, providing consistent and dependable cash flow.
Each unit also features a large, fenced backyard, adding to tenant appeal and long-term value. With an immediate GROSS cap rate of approximately 7% and upside potential through future improvements and rent optimization, this is an ideal opportunity for investors seeking stable returns with room to grow.
Lease Term
12 months2,890 Sq Ft
0.21 Private Acres Lot Size
other
$422 Monthly Tax
Built in 1976
MLS/Listing ID 7888255
Refrigerator
Range
Microwave
Gas Water Heater
Dryer
Dishwasher
Construction - Frame
Cooling - Evaporative Cooling
Washer
Public Water
Public Sewer
Composition
In Unit Laundry
Family Room Fireplace
Concrete Perimeter
Heating - Forced Air