Photo 1 of 1
$280,000
Sold on 5/21/18
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
3,132 |
$1,453 |
1984 |
On the market:
66 days
|
View full details, 15 photos, school info, and price history
Excellent income opportunity, two adjacent duplex buildings (1726 & 1728 E Mulberry Dr) for a total of 4 units (all 2 bed / 1 bath), selling as a package. Units have ceramic tile floors throughout. Tenants pay ALL utilities since separately metered. 

2 of the units are rented to Section 8 tenants with rents at $875/month. The remaining 2 units are rented at $700 & $800/month. Current contract gross income of $39,000/year for all 4 units. Attainable gross rents of $42,000/year if move all tenants over to Section 8. This affords a cap rate of 11.5% at a pro forma net annual income of $34,634.

DO NOT DISTURB TENANTS.
Listing courtesy of Rachel Phillips, HIGHMARK REAL ESTATE