TURNKEY SC DUPLEX | 100% OCCUPIED | $27,000 ACTUAL ANNUAL RENT | $21,655 ACTUAL NOI | 9.06% CAP | LONG-TERM TENANTS - Price: $239,000 Units: 2 2BR/1BA Actual rents: $1,075 + $1,175 = $2,250/mo Annual gross: $27,000 Taxes: $2,145 Insurance: $1,120 Maintenance: $600 Lawn: $700 Water: $780 Total operating expenses: $5,345 NOI: $21,655 Going-in cap: 9.
06% - "FULLY STABILIZED INVESTMENT-BUYER RECEIVES POSITIVE INCOME FROM DAY ONE WITH NO LEASE-UP, RENOVATION OR TENANT-PLACEMENT PERIOD." Whether you're looking to expand your investment portfolio with a proven income-producing property or purchase your own home while generating rental income, this duplex offers exceptional flexibility.
Live in one unit and let rental income from the other help offset-or potentially cover-a significant portion of your monthly mortgage payment. Investors will appreciate the immediate cash flow, stable tenancy, low maintenance, and strong return potential, while owner-occupants can enjoy building equity as their tenant contributes toward the cost of homeownership.
Opportunities like this are hard to find! - Turnkey Investment Opportunity with Strong Cash Flow! This well-maintained duplex is the type of asset experienced investors look for-fully leased with stable tenants, low operating expenses, and immediate income from day one.
Whether you're expanding your rental portfolio or completing a 1031 Exchange, this property checks all the boxes. Unit 1 is leased at $1,075/month to a long-term tenant, while Unit 2 rents for $1,175/month, generating $2,250 in gross monthly rental income.
Each unit has its own electric and natural gas meter, with tenants responsible for those utilities. Owner expenses remain exceptionally low, with water service averaging only approximately $65 per month through the Town of Ware Shoals. Recent new plumbing provides added peace of mind, while hardwood floors throughout, functional layouts, a spacious, quiet yard, and a children's playset enhance long-term tenant appeal and retention.
Located in an area with a consistently strong demand for rental housing, this duplex has proven to be a dependable, low-maintenance income producer. The seller reports a strong net return with a capitalization rate exceeding 9.06%, making this property an outstanding candidate for investors seeking solid cash flow.
Buyers should independently verify all financial information, expenses, and investment metrics. This property is also an excellent candidate for DSCR (Debt Service Coverage Ratio) financing, offering investors an opportunity to qualify based primarily on the property's income potential rather than personal income.
The seller is pursuing alternative investment ventures and is offering this reliable performer for sale to free up capital. Otherwise, it has remained one of the easiest, most hassle-free assets in the seller's portfolio. Opportunities like this don't last. Call the listing agent TODAY for complete financial details and investment information. It's time to add this cash-flowing gem to your portfolio!
