VALUE-ADD DUPLEX PLAY IN ALIEF – SEPARATE METERS INSTALLED
• 1,950 sf block build sitting on a 5,250 sf lot with the original duplex utility setup—two electric & two water meters already in place. • Presently functions as a 4 bed / 2 bath SFR. Add cabinets and a short partition wall to restore the second unit and double your doors. • Tenant paying $700/mo, month-to-month. Property conveys occupied; buyer is responsible for any cash-for-keys or eviction. • Solid majors: slab foundation, roof 2015, HVAC 2018, copper supply lines. Only cosmetics & layout tweaks needed.
Recent Comps (<¾ mi, sold last 20 mo)
11630 Sandstone St2, $259,997 • 12/5/23$1284/2 flip
11567 Willwood Dr1, $248,000 • 11/29/24$1433/2 light reno
12703 High Cotton Ln 2,173 sf Closed 10/28/24 ($315k)
Average ARV ≈ $265k — we’re asking $155,500 for a quick close.
Exit Ideas
BRRRR Duplex: $2,400-$2,600 gross rent once reconverted ⇒ strong 1 % rule at <$250k all-in.
Flip: 70 % of ARV minus $30k rehab ⇒ investor MAO ≈ $152k (you’re right in range).
Hold as SFR: Market rent ~$2,000/mo after cosmetic refresh.
$5k EMD • Buyer pays closing • Clear title • Fast close