
Courtesy of: Leslie Wessel, Coldwell Banker Plaza Real Estate, leslie@plazare.com
$389,500
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Lot: 11,276.00 Acres
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Other
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$389,500
5287 N Toben Income-producing full duplex with strong in-place rents and immediate cash flow-fully leased and generating $41, 400 in annual gross income with upside potential. Fully leased duplex offering a true plug-and-play investment opportunity. Currently rented at $1, 725 per side, this property produces strong in-place income and offers an approximate 5.8% cap rate for buyers who choose to self-manage. Professional management is currently in place through Reliance Property Management, giving investors the flexibility to continue hands-off or increase returns through self-management. From the moment you arrive, you'll notice the impressive three car garages-an uncommon and highly desirable feature for duplex properties-along with abundant parking and a welcoming covered walkway leading to private entrances for each unit. Inside, both units feature a modern, cohesive design with luxury vinyl plank flooring and neutral finishes throughout-durable, low-maintenance, and highly appealing for long-term tenancy. Each unit offers a spacious kitchen complete with stainless steel appliances, granite countertops, and functional layouts that support everyday living and tenant retention. Granite surfaces extend into the bathrooms for a consistent, updated feel. Generous flex space and unique architectural elements throughout add character while enhancing overall rental appeal. Primary suites include private bathrooms, built-in storage, and oversized walk-in closets that stand out compared to typical duplex layouts. The attached three car garage setup not only provides exceptional storage and parking, but also features a rear roll-up garage door-creating a versatile indoor/outdoor connection and unique access to the backyard and patio space. Outdoor amenities include a covered patio and fully fenced backyard, enhancing tenant enjoyment and supporting long-term occupancy. With current rents in place and potential for future increases depending on market conditions, this property offers both immediate income and long-term upside. Low-maintenance finishes and flexible management options make this a compelling opportunity for investors seeking stable income with future upside. Showings only permitted with an accepted contract-please do not disturb tenants.
Courtesy of: Leslie Wessel, Coldwell Banker Plaza Real Estate, leslie@plazare.com
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