Property Description:

Turnkey, cash-flowing duplex offering strong returns from day one! This solid brick property features two spacious 3-bedroom units in a high-demand rental area near Ascension Hospital—ideal for both investors and owner-occupants.
The upper unit is already leased at $1,645/month with a reliable Section 8 tenant, while the lower unit is vacant for added flexibility. If leased at projected $1,650/month, the total gross income would be approximatelly $39,500 annually. With conservative underwriting, including a 5% vacancy factor, the property still delivers nearly $25,000 in net operating income—resulting in an impressive ~9.6% cap rate at a $260K price point.
Recent updates minimize maintenance concerns and include vinyl windows, a newer water heater, fresh paint, updated lighting, and refreshed kitchens and bathrooms in both units. All kitchen appliances are included, making this a true turnkey opportunity.
Additional features include a detached 2-car garage for added tenant appeal and potential extra income. With strong rents, low expenses, and stable tenant demand, this property offers an excellent cash flow.