1103 Penny Lane

Description

This two-unit duplex offers one 3 bed/1.5 bath unit and one 2 bed/1 bath unit. Current rent levels already generate positive cash flow each month and there is an opportunity to enhance returns by better aligning rents to market levels. This property makes a great addition to an existing portfolio or can serve as a starting point for an aspiring investor looking to diversify into real estate. Live in the 3-bedroom side, which also features an attached 2-car garage, and use the rental income from the other side to cover expenses.The 3-bedroom unit is currently rented for $1,250 per month, and the 2-bedroom is rented for $715 per month. Both units feature laminate wood flooring in the living areas and carpeting in the bedrooms. Tenants are responsible for all utilities, except for a $13 monthly sewer charge for each unit.This property features an all-brick, low-maintenance exterior, a BRAND NEW roof, a separate driveway for each unit, and no backside neighbors.