24 Bedrooms
12.0 Baths
7,200 SQ FT
1.00 Acres
Step right into an exciting opportunity of property ownership where investments flourish. This exceptional offering is of six remarkable duplexes bundled together, offering a total of 12 units. With an impressive 24-bedroom and 12-bathroom configuration, these residences are a shining beacon of profitable potential. Currently purposed as low maintenance Section 8 Housing Choice Voucher (HCV) and Veteran Program Housing, these residences are more than just bricks and mortar. It's an income-yielding asset that stands its ground during economic fluctuations. Nestled in an Opportunity Zone, these properties benefit from special tax considerations, offering potential for substantial tax savings and capital gains advantages. Love the current income? With a rental fee of $600 per unit, a current total monthly income of $6600 stretches further with the opportunity to be increased to $700 per unit. The simplicity of these buildings is where their charm truly lies. The construction boasts a robust brick exterior, paired with practical tile floors inside. Within each 2-bedroom, 1-bathroom unit, you'll find no expensive appliances to maintain. Instead, you have cost-effective and easy-to-replace AC window units, keeping the maintenance of these properties as hassle-free as possible. And the spotlight feature? A dedicated and stellar on-site property manager. This key individual not only ensures smooth day-to-day operations but also handles tasks like yard maintenance and dumpster duties in an efficient manner. Positioned ideally, these durable properties are racehorses in the endurance game of affordable housing. Stand to make these units your own profitable assets, whether it's through a traditional route or owner financing. Join the increasing number of investors who are letting government schemes and initiatives line their pockets through rent payments. The stage is set, and it's time for the curtain call on this unique real estate opportunity, equipped with all you need to touch the zenith of success in property ownership.
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