Duplex Investment Opportunity Excellent income-producing duplex with long-term tenants already in place. If purchased at this price you return on investment will be 7.8%. Much better than a CD or annuity. This property features one 2-bedroom apartment and one 1-bedroom apartment, making it a great addition to any investment portfolio. 2-bedroom unit: Currently rented for $595/month on a month-to-month lease. 1-bedroom unit: Rented through HUD for $540/month. The owner currently pays the water bill for both units. The property also includes a paved parking area with space for up to four vehicles, providing convenient off-street parking for tenants. Recent improvements include: Roof replaced in 2023. Hot water heater for the 1-bedroom unit replaced in 2023. Hot water heater for the 2-bedroom unit replaced approximately 2021. This property is being sold as is. Listing agent is the owner. Whether you're looking to expand your rental portfolio or invest in a property with established rental income, this duplex offers immediate rental income and strong investment potential.
| MLS # | 26017271 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 48 |
| Listing Provided By | Kentucky Wide Realty | Brenda Lawson |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,366 |
| Units | 2 |
| Acreage | 0.45 |
| Cooling | Ceiling Fan(s), Electric, Wall Unit(s), Window Unit(s) |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Shingle |
|---|
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
| State | KY |
|---|---|
| County | Laurel |
| City | London |
| Zip Code | 40744 |
| Area | 044 Laurel County |
| Subarea | Laurel County |
| Community Name | Rural |
| School District | Laurel County |
| Elementary School | Campground |
| High School | South Laurel |
| Listing VS Median (in Rural) | |
Price: $175,000 low | high Med: $289,900 sqft: 1,366 low | high Med: 1,759 $ / sqft: $128 low | high Med: $165 On site: 48 low | high Med: 6 | |
| State | KY |
|---|---|
| County | Laurel |
| City | London |
| Zip Code | 40744 |
| Area | 044 Laurel County |
| Subarea | Laurel County |
| Community Name | Rural |
| School District | Laurel County |
| Elementary School | Campground |
| High School | South Laurel |
| Listing VS Median (in Rural) | |
Price: $175,000 low | high Med: $289,900 sqft: 1,366 low | high Med: 1,759 $ / sqft: $128 low | high Med: $165 On site: 48 low | high Med: 6 | |