South Lawndale Duplex on a large 6381 SF lot! So many possibilities for this property make it an investors dream. The front unit is 2Bd 1Ba and easy to make a 3/2 because there's land to work with. Or build up. Or put a small investment into the interior of the front unit and bring its rent up to top tier of the 2/1 market. Or just sit back and collect rents from 2 stable and longtime tenants. The 30 day notice of the annual rent increase will be delivered in June. Off Street Parking--The property boasts a ton of off-street parking, 8 spaces altogether which is huge in this neighborhood where parking is at a premium. The front unit has 1 carport with a driveway for a total of 2 parking spaces. The 1Bd 1Ba back unit sits atop 3 garages with driveways facing Firmona for a total of 6 possible parking spaces. Garages are rented separately from the residences--2 of the garages rent for $200/mo each and the other for $160/mo. Garages can be storage space which is how all 3 garages are currently be used. On-site storage is huge because space at a storage facility would be of equal or greater cost to the tenants and much less convenient. Pet Rent--Both tenants pay pet rent of $100/mo and $75/mo respectively. Back unit upgrades--2019 kitchen was upgraded with new kitchen flooring, cabinets, countertops and sink, new water heater and cabinet, new double paned windows and blinds throughout. 2021 new refrigerator and oven/range with hood, new bdrm ceiling fan with light and remote control, new bdrm closet, new wall furnace. Front unit upgrades--2024 new double paned windows and slider
South Lawndale Duplex on a large 6381 SF lot! So many possibilities for this property make it an investors dream. The front unit is 2Bd 1Ba and easy to make a 3/2 because there's land to work with. Or build up. Or put a small investment into the interior of the front unit and bring its rent up to top tier of the 2/1 market. Or just sit back and collect rents from 2 stable and longtime tenants. The 30 day notice of the annual rent increase will be delivered in June. Off Street Parking--The property boasts a ton of off-street parking, 8 spaces altogether which is huge in this neighborhood where parking is at a premium. The front unit has 1 carport with a driveway for a total of 2 parking spaces. The 1Bd 1Ba back unit sits atop 3 garages with driveways facing Firmona for a total of 6 possible parking spaces. Garages are rented separately from the residences--2 of the garages rent for $200/mo each and the other for $160/mo. Garages can be storage space which is how all 3 garages are currently be used. On-site storage is huge because space at a storage facility would be of equal or greater cost to the tenants and much less convenient. Pet Rent--Both tenants pay pet rent of $100/mo and $75/mo respectively. Back unit upgrades--2019 kitchen was upgraded with new kitchen flooring, cabinets, countertops and sink, new water heater and cabinet, new double paned windows and blinds throughout. 2021 new refrigerator and oven/range with hood, new bdrm ceiling fan with light and remote control, new bdrm closet, new wall furnace. Front unit upgrades--2024 new double paned windows and slider (5 year transferrable warranty), new garbage disposal. Building exteriors--2024 front unit was termite inspected/tented and findings addressed, new privacy fence/security gate, new gutters. Both buildings received RoofMax treatment (5 year transferrable warranty) along with fresh exterior paint (all wood work and stucco).