648 Carolina Ave

Shared Living Duplex – 10.5% Cap Rate | Room-by-Room Agreement Model

Positioned for maximum yield, this duplex is currently operated under a room-by-room agreement model, generating $48,000/year in gross income. With Net Operating Income of $35,558, the property delivers a 10.5% Cap Rate and GRM of 7.06, outperforming traditional rental configurations in the area.

The structure offers 4 bedrooms, 2 bathrooms, and over 2,060 sq ft, with stable, long-term tenants and low turnover. The layout supports individual occupancy per room, offering tenants affordable housing while maximizing investor returns.

Located in the Tice neighborhood, the property benefits from access to employment centers, public transportation, and strong rental demand.

Priced at $339,000
Professionally managed
Room-by-room agreements in place
Operating expenses: $12,442
Traditional rental comparison available
This opportunity offers investors a high-performing asset with immediate cashflow and potential for long-term equity growth.