Description
Motivated seller! This modern duplex, just blocks from Temple University, offers a fantastic opportunity for investors and owner occupants. Each unit features four bedrooms and two full baths, with all appliances included and contemporary finishes that make them move in ready.Currently, one room is rented on a month to month lease for $550/month, and the property has the potential to generate $4,400/month if fully rented, or $2,200/month from one unit to help offset a mortgage for an owner occupant. The property is currently assessed at $828,000, resulting in overinflated taxes. A successful tax appeal could dramatically lower the taxes, increasing the property’s cash flow and overall value. Based on potential rental income, this property offers a pro forma cap rate of 8%. Built in 2013, this duplex combines location, modern living, and strong income potential in a highly desirable Temple area neighborhood. Don’t miss your chance to own a turnkey property with multiple paths to profitability!
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0BEDS
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0.02ACRES
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0BATHS
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01/2 BATHS
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3,411SQFT
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$135$/SQFT
Description
Motivated seller! This modern duplex, just blocks from Temple University, offers a fantastic opportunity for investors and owner occupants. Each unit features four bedrooms and two full baths, with all appliances included and contemporary finishes that make them move in ready.Currently, one room is rented on a month to month lease for $550/month, and the property has the potential to generate $4,400/month if fully rented, or $2,200/month from one unit to help offset a mortgage for an owner occupant. The property is currently assessed at $828,000, resulting in overinflated taxes. A successful tax appeal could dramatically lower the taxes, increasing the property’s cash flow and overall value. Based on potential rental income, this property offers a pro forma cap rate of 8%. Built in 2013, this duplex combines location, modern living, and strong income potential in a highly desirable Temple area neighborhood. Don’t miss your chance to own a turnkey property with multiple paths to profitability!
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