Overview
Description
INCOME-PRODUCING DUPLEX – VALUE-ADD OPPORTUNITY
Excellent opportunity for investors seeking strong rental potential in the Averill Park School District. This 2-family duplex offers 2,000 sq ft with 7 bedrooms and 2 full baths with current cap rate of 10 % and net income cap rate of 12.7%.
Each unit features large living room. The first-floor unit includes 3 bedrooms one bath ideal for increased rent or home-office demand. The second-floor unit offers 4 bedrooms one bath. Unfinished basement provides storage and future value-add potential.
Situated on a 5,663 sq ft lot with a fenced backyard, 2-car garage, and additional off-street parking—features tenants value. Vinyl siding, forced air and baseboard heating separate natural gas and electric.
Property an ideal value-add investment with upside through upgrades, rent increases. Convenient location near schools, shopping, and major routes.
- Principal and Interest
- Property Tax
- HOA fee