Courtesy of: Vardgas Oganisean, Market Force Realty, vardgasoganisean@gmail.com
Courtesy of: Vardgas Oganisean, Market Force Realty, vardgasoganisean@gmail.com
$229,900
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Lot: 0.10 Acres
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Other
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$229,900
5651 N 16TH Street Turnkey Duplex - Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2, 300 Gross Monthly Income Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI. Property Overview: Total Gross Monthly Income: $2, 300 Section 8 Approved - Reliable, on-time payments Well-Maintained Building Separate Entrances for Each Unit Basement with Studio Conversion Potential Unit Breakdown: 1st Floor Unit: 2 Bedrooms, 1 Bathroom Spacious living area and eat-in kitchen Well-maintained with stable tenant in place 2nd Floor (3FL including) Unit: 4 Bedrooms, 1 Bathroom Ideal for larger families Bright, open layout with generous space and solid rental history A lot of parking space around the property! This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.
Courtesy of: Vardgas Oganisean, Market Force Realty, vardgasoganisean@gmail.com
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