Clean low maintenance brick property with 4 recently rehabbed duplex units on 2 adjoining lots. Great curb appeal with beautiful front lawn, brick buildings, and new white windows. Located in peaceful residential neighborhood with excellent tenants! - Pontiac Caterpillar plant will be gaining employees from their Deerfield facility closing, putting added pressure on the already tight Pontiac rental market! - 2 brick duplex buildings with 4 rental units total on 2 adjacent parcels. - 100% rented with excellent tenants. - Current rents $1,000-$1,300/month per duplex unit plus pet rents for $4,620 gross rent/month. - All units are 2 bedroom with 1 bath. - Recently rehabbed with new windows, vinyl plank flooring, doors, trim, air conditioners, stainless steel appliances, and in unit washers and dryers. - Tenants pay all utilities. - Excellent tenants who are highly qualified and pay rent via ACH directly to bank for trouble free rent collection. - Priced at $590,000 for 5.44% Cap Rate at current rents. - Potential for rent increases to market rent at $1,300/unit on 3 units will yield 6.66% cap rate.
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