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Property Overview
Incredible proven asset in Edgewater next to Sloan’s Lake for your portfolio. Bright up down brick duplex retains the mid century appeal with refinished hardwoods on the main level but has the modern features and mechanical updates you expect to command top dollar in rental. Has tenants in place paying market rent on time, but can be delivered vacant when lease ends June 30. Each duplex has private entrance front and back, two bedrooms, living/dining area and kitchen and each has custom tile bath. They share the laundry room. The yard is fenced and there is a two car detached garage on the alley. Walk to Sloan’s Lake, Starbucks and Edgewater’s main street. See sold comp two doors down. Contact Hope for rent roll, expenses and to see inside. Fully tenated with on time tenants or can be delivered vacant 6/30.
2025 rent income was 42,960 with expenses of 8167 for NOI $34792 and 5 cap rate with $696k price. Unit is in a premium location and excellent condition.
