Listed by Coldwell Banker Heritage Roediger, Coldwell Banker Heritage
$159,000
31 W Southern Avenue
Details
APN 3400700034328005
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $1,550
Price per SqFt $85
Year Built 1893
Acreage 0.140
Multifamily | 2 Units
Marketing description
Duplex Investment with Strong Income! This income-producing duplex offers two units, 2-bedroom, 1-bath unit down stairs and 1 bedroom 1 bath unit upstairs. Separate electric and gas meters. The property currently brings in $1,750 per month, and both tenants want to remain, making this a solid investment with consistent cash flow from day one. Recent updates include new water heaters installed in December 2024, newer windows in select areas, new exterior doors, and added insulation completed in March 2025. The upstairs unit is equipped with a mini-split, while the downstairs unit has a furnace, giving each tenant independent comfort. While the property could use some additional improvements, the major utility updates are already in place, making it an attractive opportunity for an investor looking to add value while benefiting from reliable rental income.
Listing Contacts
Listed by Coldwell Banker Heritage Roediger, Coldwell Banker Heritage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,550.00
$129.17/mo
Valuation Metrics
0
DSCR
0.97%
Cap Rate
0.97%
ROI
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