For Sale by Owner/Broker Stabilized duplex investment opportunity in University City featuring two 2-bedroom, 1-bath units, both fully occupied. Property offers consistent in-place cash flow with a strong tenant profile, including one long-term tenant exceeding 10 years and one unit with 2 years occupancy. Recent capital improvements include a full remodel of Unit 1021 in 2024, HVAC upgrades in both units (2026, 2024), water heater replacements (2024, 2021), refrigerator replacements (2024, 2023), and thermal insulated windows, siding, soffit, fascia, doors throughout (2019). These updates reduce near-term capital expenditure exposure and support long-term operational stability. Current rents total $1,675 per month ($20,100 annually) with a net operating income of $12,353. Rents are below typical market levels for comparable 2-bedroom units in the area (approximately $1000/mo depending on condition), offering potential upside through lease renewal or turnover over time. Fenced yard and off-street parking pad provide added tenant convenience. Playground located at the end of the street, along with a location just off Olive Street Road, an area experiencing ongoing development and improvement activity. Property is 100% occupied and offers a simple, solid, low-maintenance brick duplex structure with no basement, helping reduce long-term maintenance exposure. Ideal for investors seeking a stabilized, income-producing asset with moderate upside potential.
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