Courtesy of: Frankie Bellucci, Real Broker, LLC, me@bellooch.com
Courtesy of: Frankie Bellucci, Real Broker, LLC, me@bellooch.com
$275,000
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1.00 Bath (1 Full)
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Lot: 0.24 Acres
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Other
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$275,000
7916-7918 E 88th Terrace FULLY LEASED STABILIZED DUPLEX - INVESTOR OPPORTUNITY Turnkey duplex generating $2, 550/month ($30, 600 annually) in gross rental income. - Unit 16: $1, 250/month - Unit 18: $1, 300/month Both units feature a desirable 2BR / 2BA layout with 1, 568 total sq. ft. of living space. LEASE STRUCTURE: Both units are currently occupied on month-to-month leases, providing immediate income while allowing flexibility for future rent adjustments or potential owner-occupancy. TENANT STABILITY: Current tenants have a history of consistent on-time payments and stable occupancy. INVESTMENT METRICS: Offered at $275, 000, reflecting an estimated 7% projected net cap rate. PROPERTY DETAILS: - Built in 1965 - One-story duplex construction - Composition shingle roof - Forced air heating Located in a high-demand rental pocket with a Walk Score of 70, supporting strong tenant demand and long-term appreciation potential. A rare opportunity to acquire an income-producing duplex with immediate cash flow and operational flexibility. Tenant rights apply. 24-hour notice required for showings.
Courtesy of: Frankie Bellucci, Real Broker, LLC, me@bellooch.com
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