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$225,000

Don't miss this excellent income-producing duplex situated on a 0.17-acre lot. The property offers 1,300 total square feet under roof, with two 2-bedroom, 1-bath units, each offering approximately 650 square feet of comfortable living space. Both units are currently tenant occupied, generating $900 per month per side for a total monthly rental income of $1,800. The current leases extend through February 2027 and March 2027, providing immediate, stable rental income for the new owner. Upon lease expiration, there is potential to increase rental rates to better align with current market conditions, offering additional income potential. The property was remodeled in 2023 and includes new water heaters installed in 2023. Both units are equipped with central air conditioning systems that have been professionally serviced annually, providing added value and peace of mind. Each unit also features outdoor washer and dryer hookups for added tenant convenience. Whether you're looking to expand your investment portfolio or planning for the future, this property offers flexibility. Continue operating it as a full investment property, or once a lease expires, live in one unit while renting the other to help offset your mortgage and living expenses. Property Highlights: Duplex with two 2-bedroom, 1-bath units 1,300 total square feet under roof (approximately 650 sq. ft. per unit) Current gross monthly rental income of $1,800 Currently tenant occupied Leases in place through February 2027 and March 2027 Potential for future rental increases after current leases expire Remodeled in 2023 New water heaters (2023) Central A/C systems serviced annually City water Septic system Outdoor washer/dryer hookups Situated on a 0.17-acre lot This turnkey duplex offers immediate cash flow, future rental upside, and the flexibility to serve as either a long-term investment or a future owner-occupied property. Owners are licensed real estate agents.

4 Beds ⋅ 2 Baths ⋅ 799513 MLS

317 Sw 7th St, Chiefland

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