Rare opportunity to acquire a fully leased, low-maintenance duplex in a highly desirable South Hill location with immediate, stable cash flow. Offered at $599,900, the property produces a 5.1% cap rate, $30,594 NOI, and a 12.78 GRM, backed by strong in-place rents and secured tenancy.
Both units are leased with reliable tenants, delivering consistent income from day one, while recent capital improvements, including new roof, electrical upgrades, deck improvements, and paved parking for up to 6 vehicles, position this asset for minimal ongoing maintenance.
Opportunities combining location, condition, and long-term income stability are increasingly difficult to find in today’s market. This property is ideally suited for investors seeking a secure, turnkey hold with predictable performance and limited future capital exposure.
Well-positioned for strong investor interest. Financials and lease details available upon request.