Updated over 8 years ago on .
Multiple Duplexes in Northern Pleasant Grove
3 FULLY TENANTED DUPLEXES!!!!!!!
As-is, these are all renting out at $700/mo. on month-month leases, as is common in this sort of neighborhood. Market rents are closer to $850-900/mo. (see comps). To get those higher rents, however, you would have to put a bit of money into them--about $8-10K per unit.
Pros:
- Fully tenanted
- High rents in the neighborhood
- Low taxes (under $2000/duplex)
- Room for value-add (you can fix up a bit and get higher rents very easily)
- All three are near each other--easy for property management
Cons:
- Not the greatest area
- Some repair will be necessary, as it seems that the current owner isn't incredibly proactive
Offering