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$ 175,000
3 Beds
2 Baths
1,366 SqFt
$ 175,000
3 Beds
2 Baths
1,366 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,366 sqft
Price per Sqft $128
Subdivision Rural
MLS Listing ID 26017271
Bedrooms 3
Full Baths 2
Year Built 1985
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Duplex
Property Description
Duplex Investment Opportunity Excellent income-producing duplex with long-term tenants already in place. If purchased at this price you return on investment will be 7.8%. Much better than a CD or annuity. This property features one 2-bedroom apartment and one 1-bedroom apartment, making it a great addition to any investment portfolio. 2-bedroom unit: Currently rented for $595/month on a month-to-month lease. 1-bedroom unit: Rented through HUD for $540/month. The owner currently pays the water bill for both units. The property also includes a paved parking area with space for up to four vehicles, providing convenient off-street parking for tenants. Recent improvements include: Roof replaced in 2023. Hot water heater for the 1-bedroom unit replaced in 2023. Hot water heater for the 2-bedroom unit replaced approximately 2021. This property is being sold as is. Listing agent is the owner. Whether you're looking to expand your rental portfolio or invest in a property with established rental income, this duplex offers immediate rental income and strong investment potential.
Location
State KY
County Laurel
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric, Wall Unit(s), Window Unit(s)
Exterior
Parking Features On Site, Paved
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Campground
Middle Schools South Laurel
High Schools South Laurel
Listed by Kentucky Wide Realty
Nearby Locations
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