Duplex - Investment Property
Size: 2022 SF
Year Built: 1930
Asking Price: $650,000.00
Current Rental Details:
Unit A: $1,200/month (2 Bd / 2 Ba)
Unit B: $1,200/month (2 Bd / 2 Ba)
Status: Both units are currently rented at $1,200/month each.
Potential Market Rent (as Duplex): $2,400/month per unit
Potential Market Rent (as Single Family): $3,800/month
ARV (After Repair Value): Between $880,000 and $930,000 if converted into a single unit.
Zoning: R6 (Eligible for a DADU with varying setbacks based on size. Potential rear setback of 20ft for over 700 sq ft footprint or 10 ft for under 700 sq ft. Side setbacks at 5 ft.)
Overlays: OV-NHC (Historic Commission with potential design standards) and OV-UZO (Urban Zoning Overlay promoting redevelopment in older city areas).
Dual Rental Streams: With both units currently rented, this property offers immediate cash flow.
Potential for Value Add: The property holds potential for significant value appreciation, especially if converted into a single unit.
Zoning Benefits: The R6 zoning and eligibility for a DADU offer versatility in redevelopment options.
Overlays: The historic commission and urban zoning overlay provide opportunities for strategic redevelopment in alignment with city plans and potential benefits.
For Sale Comps
Duplex - Market Rent Comps
Single Family - Market Rent Comps
A&R Development & Acquisitions
Eric Brinson, REALTOR and General Contractor
*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact firstname.lastname@example.org directly to discuss. This is an off market investment opportunity.