Courtesy of: David Spurlock, Red 1 Realty, david@listonre.com
Courtesy of: David Spurlock, Red 1 Realty, david@listonre.com
$315,000
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6 bed
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Lot: 0.09 Acres
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Other
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$315,000
113-115 W Park Avenue Tax Abated Duplex through 2038!! This property features two spacious 3bed/2 full bath units with functional layouts that continue to attract and retain long-term tenants. The property is currently generating strong income with Unit 113 rented at $1, 540 + $65 water fee + $30 pet fee (lease through June 30, 2026) and Unit 115 rented at $1, 375 + $65 water fee + $30 pet fee (lease through April 30, 2026), providing immediate and stable cash flow. Monthly income is $3, 105!! Unit 115 will be renewing at $1, 400. Major mechanical updates have been completed, with both furnaces and A/C units replaced in 2023, helping minimize near-term capital expenses. Kitchen appliances have since been installed and will transfer to the new owners. Tenants also enjoy access to a fenced-in backyard, adding privacy and outdoor space that enhances tenant appeal and retention. With solid rents, lease security in place, and strong ongoing demand, this duplex is a reliable, income-producing asset with continued upside potential.
Courtesy of: David Spurlock, Red 1 Realty, david@listonre.com
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