$1,175,000

Residential · MLS® A2263680
8Bedrooms
4Bathrooms
1,669Sq Ft
3Garage
1959Year Built
02 / Overview

PROPERTY OVERVIEW

1919 & 1923 9A Avenue NE | Fully Renovated and fully rented (with long term one year leases) Side-by-Side Duplex with Legal Basement Suites and a Triple Garage on a Prime Corner Lot in Mayland Heights, offering excellent income-producing results. Total monthly gross rent is $6455 + tenants pay all utilities. Tenant interest in renting these units has been overwhelmingly good! 1919 upper lease $1700 + 60% utilities with 1 garage space until October 31, 2026. 1919 Lower unit Lease...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeDuplex
Total Finished Area1,669 sq ft
Lot Size5,887 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingNone
ParkingAlley Access • Garage Door Opener • Secured • Triple Garage Detached
ExteriorOther • Private Entrance
BasementFull
Year Built1959
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,886After mortgage & expenses
Cap Rate2.5%Based on market rents
Cash on Cash Return-9.6%With 20% down payment
Est. Monthly Rent$3,321Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

MAYLAND HEIGHTS

Moderate Investment
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Investment Score61/100
Avg Home Price$755K
Active Listings8
Listed by Chris Richter · RE/MAX House of Real Estate