Financial Information is based on: Both units rent at $1,050 per month which is the average rental for identical units over the last several years. Expenses are based on actual taxes for 2016 plus the actual average expenses for 2014 and 2015. New owner should be able to raise rents to $1,050 in each unit. Country Lane Duplex for sale! Wonderful investor/owner opportunity in the heart of Delaware County. Properties on this street do not come on the market very often so take advantage of competitive interest rates and affordable pricing. Make this 39 year old twin Duplex YOURS! Beautiful and comfortable setting in which to live or invest or both. Whether you are a potential owner-occupant or want to get a good return on investment, this property has a lot to offer. Cinder block foundation with a maintenance-FREE brick, masonry and siding exterior. Concrete construction for maximum soundproofing between top and bottom units Each unit has 2 Bedrooms, 1.5 baths (there is a powder room in each master bedroom), large Living Room, Dining Area as part of the full Eat-In Kitchen plus ample closet space. Sliders from the Master Bed Room to a small balcony/deck that overlooks the large back yard. The building has a 2-car built-in garage (one space for each unit) with inside access (ample off-street parking) and central air conditioning. Large shared basement area with spacious laundry and storage areas. Utilities are completely separate (including the water!). With a little sweat equity on your part, this can be a VERY profitable part of your investment portfolio. The square footage shown is the sum of both units. Springfield schools! Location is very convenient and attractive to tenants. Currently both homes are rented with terrific tenants who have been there for 14 and 24 years respectively. Month to month leases. If you are an owner/investor, you could live in one unit for estimated outlay of only $521 per month plus utilities. Average rental for 3 identical units has been $1,050 per month, plus utilities over the last 2 years. Rent the second unit at $1,050 per month and enjoy estimated 7.2% return on that unit, plus possible appreciation. If appreciation is between 2% and 3% per year, this would come to between $3,800 and $5,700 per year for the next several years. NAR estimates of residential real estate appreciation are for 4% in 2017 and then 3% per year for the next four years.
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.
