Listed by Swiss Realty LTD d.b.a Swiss Realty Group
$189,900
1047-1049 E 21st Avenue
Details
APN 010-073301
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $20,400
Price per SqFt $103
Year Built 1948
Acreage 0.110
Multifamily | 2 Units
Marketing description
Investor special! This duplex offers 2 bedrooms and 1 full bath per side with spacious open layouts and full kitchens. Unit 1049 was fully renovated in Dec 2024 with a new kitchen, bathroom, paint, flooring, and modern updates, while 1047 could use some cosmetic touches to reach full potential. Current rents are $800/mo (M2M) and $900/mo (M2M), but market rents are $1,100-$1,200+ per side, giving this property strong upside. With light work and rent increases, this duplex can easily hit the 1% rule and cash flow like crazy. A solid buy-and-hold rental with equity growth and long-term returns. Please do not disturb tenants. See A2A remarks.
Listing Contacts
Listed by Swiss Realty LTD d.b.a Swiss Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$20,400.00
$1,700.00/mo
Valuation Metrics
0
DSCR
10.74%
Cap Rate
10.74%
ROI
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