McDowell
Value-Add Duplex Investment Opportunity
Marketing description
his well maintained duplex offers a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units and an additional garage rental, providing diversified income from a single location.
The unit at 407 McDowell Street is currently rented at $1,275 per month. In addition, a detached garage associated with this unit is rented separately for $55 per month on a month to month basis, with the garage tenant in place since 2018.
The unit at 409 McDowell Street is currently rented at $1,200 per month on a month to month basis, with the original lease signed in 2019. Both residential units have long term tenants, reflecting stable occupancy and consistent rental performance.
Current rents are below today’s market levels, creating a value add opportunity for a new owner to gradually increase rents over time while maintaining tenant stability. This makes the property well suited for an investor seeking immediate cash flow with the ability to improve returns through measured rent adjustments.
The duplex is an attractive option for an owner investor or long term holder looking to acquire a manageable asset with proven income history and upside potential.
Investment highlights
Long term tenants in place, providing stable in place cash flow
Current rents below market, offering a clear value add opportunity through rent increases
Both residential units on month to month leases, allowing flexibility for future adjustments
Detached garage provides supplemental monthly income
Well suited for an owner investor or long term hold with upside potential
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