200 E Richfield Duplex
Brand-New Duplex Investment
Marketing description
Fully leased new-construction duplex featuring two spacious 3-bedroom, 2.5-bathroom units with 12-month leases already in place. Current gross rental income is $3,900 per month ($46,800 annually), providing immediate cash flow from day one. Built in 2026, this turnkey investment offers the benefits of modern construction, low maintenance, and minimal capital expenditure risk. Each unit includes approximately 2,199 square feet of living space, an attached 2-car garage, open-concept living areas, upstairs laundry, and contemporary finishes throughout. Tenants pay gas and electric, helping reduce operating expenses. Conveniently located near schools, parks, shopping, and services, this is a rare opportunity to acquire a stabilized, income-producing asset in the growing Richfield market.
Investment highlights
Fully leased new-construction duplex with $46,800 in annual gross rental income and an estimated annual NOI of $41,540. Current leases total $3,900 per month. Tenants pay gas and electric, while the landlord pays water, sewer, trash, insurance, and property taxes. Based on the asking price of $799,800, the property offers an estimated 5.2% cap rate with the added benefit of 2026 construction, low maintenance, and minimal near-term capital expenditure risk.
NOI is estimated based on current leases, current utility bills, quoted insurance premium, and estimated property taxes. Buyer to verify all rents, expenses, taxes, leases, and property information.
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