904 Ash Street NE

Description

INVESTOR OPPORTUNITY - INCOME PRODUCING DUPLEX Turnkey duplex offering immediate rental income with future upside potential. This income producing property features two occupied 2 bedroom, 1 bath units with established rental history already in place. Unit 1 currently rents for $435 per month with a $435 security deposit. Lease expires July 1st. Unit 2 currently rents for $400 per month with a $400 security deposit and is leased through February 2026. Market rents in the area are estimated around $650 to $700 per unit, creating an opportunity for future income growth and improved cash flow. The property features durable cinder block and siding construction, a newer roof installed within the last three years, and updated fully permitted electrical work for added peace of mind. Ideal for investors looking for a straightforward cash flowing asset with immediate income potential. Cash purchase preferred. Seller financing available with 50% down payment, terms up to 60 months, 10% interest amortized over 10 years. Buyer will be required to verify assets and complete a credit review for owner financing consideration. Showings are by appointment only and during due diligence with property management present. Please do not disturb tenants. Seller may negotiate pricing for cash offers closing quickly. Terms involving owner financing or alternative structures will be considered at full price. Seller will review all offers and respond to those that align with their terms and objectives. Note that due to this price point, most lenders and hard money lenders may not lend funds on this low of a sales price. If you are seeking financing from a bank or credit union, please consult with your lender prior to inquirying on this property.