Real Estate One®

ATTENTION INVESTORS: 405 E Hodge is a duplex with proven rental history. With private front and rear entrances, the massive lower unit occupies the entire first floor. With a current rental rate of $800/month, this 2 bedroom, 1 bathroom unit has a market rent potential of $925/month. This unit has spacious living areas and is complete with access to the laundry hookups and storage space that the basement provides. The upper unit has a private entrance on the west side of the duplex and offers the upper tenant their own floor to occupy. This 1 bedroom, 1 bathroom unit has a current rental rate of $750/month, with a market rent potential of $850/month. Please contact agent for current walkthrough videos of each unit and the exterior. This property also has plenty of tangible features beyond the rental numbers that will ensure sustainable success moving forward. With a 1 car garage that offers tenants on-site covered parking, multiple driveway parking spaces, and a bus stop less than a block away, transportation options provide a rental perk that satisfies most all potential tenants. Beyond the garage lies an enormous, privately fenced in back yard that provides another perk to any tenant that enjoys the outdoors. This duplex holds the value-add potential that you are looking for. Before considering revamping each unit to maximize rent, consider splitting the utilities. Each unit currently has separate meters for electrical and is tenant paid. The upper unit features baseboard heat and the forced air furnace heats the lower unit. Water supply lines and drains were replaced in 2023. Separating the water meters and the HVAC work required to add a water heater for the upper unit will allow the buyer of this one to focus on rental income only with two cash-flowing units without expenses due to water, gas, or electric. Simple value add opportunities provided by lower rental values and un-split water & gas ensure this property will not last on the market long. Submit your offer today before it's too late. Seller is willing to sell 405 E Hodge with 1624 W Willow (MLS #278866) as a package. Please contact agent for more information.