Unique investment opportunity in one of Richfield's largest duplexes. This is a unique investment or "live in one side - rent out the other"property. Each unit has 4 bedrooms and 2 full bathrooms. 2BR and 1 BA on the main floor and 2BR and 1BA in the walkout basement. Both units are fully rented/leased for $700/mo each or $1400/mo total or $16,800/year. The north unit is 2 month into a 1 year lease. The south side is 5 months into a 1 year lease. Both leases allow for a one-year renewal at $700/mo by tenant or a change to a $750/mo month-to-month rental. Leases are available for review. Taxes are $943.16/year. Insurance (w/ earthquake coverage) is about $600/year. Water/Sewer/Trash averages $1,200/year. At $16,800 gross rents that's an 10.5% gross return on investment. At $14,000 net rents, that's a 8.625% net ROI. Recent upgrades include a new roof, all windows recently replaced, some new doors, both units have been re-floored, painted and re-carpeted. Large enclosed back yard. Extra storage both inside and out.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
