Consider the opportunities and the tax advantages when you depreciate the improvement over 27.5 years. If you are currently looking to expand your investment portfolio, or want to start in a conservative way by owner occupying, this Duplex's numbers demand your attention. Both upper level and lower level have just recently been vacated. (making it easy to show) The current manager-owner has rented the upper level for $590 and the lower level for $535 with the tenants paying the heat/water/ and thier own lights. Each unit has spacious bedrooms, with the upper level having exceptional large rooms for the living area and kitchen. A common area holding 2 washers and 2 dryers and the furnace(1) and water heater (1) and electric panels (2) is accessed by seperate doors from each unit. The lower level has its own secure entrance and the upper level has 2 seperate entrances. The upper level has a nice access door off the kitchen leading to a large outside deck. This deck has several steps down to the fully fenced back yard. The detached 2 stall garage is alley accessed. The current owner-manager has had success with past tenants caring for lawn mowing details as well as snow removal. Current exterior condition of garage- and garage roof and age of windows is reflected in the asking price. Shining on the inside than on the outside; this investment would be easily rented as is- with exterior improvements being able to be made with full occupancy. Bismarck's demand for rentals being available for affordable rents is high. The furnace, central air, electrical panels look relatively new.
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.
