Wonderful opportunity to own a well maintained Up/Down Duplex in the City Park/Hospital District area. Great house to live in one and rent out the other. This duplex has been thoughtfully updated and well maintained and is a turn key investment purchase. The location is perfectly situated between city park and the hospital district and has a very high walk score! The main level unit offers a rare 3 bedroom/1 bathroom set-up and a nearly new kitchen complete with all the appliances tenants desire. The size and layout makes it an incredible rental given that everyone is looking for bedrooms and office space these days. The upstairs unit also offers tons of space with two bedrooms and one bath. Both units have central air. The backyard has a beautiful patio area and offers a shed for all your gardening supplies. The basement area has laundry and caged storage for the security of the individual tenants. Plenty of parking!
Current lease rate on the main floor unit is $2145 and expires May 31st, 2021. Current lease rate on the upper unit is $1665 and expires on May 7th, 2021. Roof and mechanicals are all in good shape and have been updated over the last several years. No deferred maintenance on this duplex.
Buyer is aware that seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer`s cooperation in such an exchange and agrees to hold buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the seller.