Welcome to 4410 Elderon, a duplex in a quiet block of West Arlington neighborhood. Separately metered, separate entrances, and ready for immediate cash flow in current condition. Total rental income is approx. $2345 per month. Unit 1 is a 2/1 at $1480 and currently occupied with strong market value rent from Sec 8. Unit 2 is 1/1 at $900 and recently vacant with previous long term tenant. There are several value add opportunities to increase cash flow. Add an extra BR and BA to Unit 1 in the spacious basement not being utilized to convert to a 3/2 and increase rental income to $1600+. With some cosmetic rehab, there is a strong opportunity to increase total rent over $2700. The other option is to convert the basement to a separate 1/1 unit – rehab can be done while tenant resides in property. Another option is to convert to a SFH for ARV of $320-335K based on recent comps (4111 Groveland Ave - $335K, 4011 Elderon Ave - $320K). Rental license & lead certification up to date throughout ownership of property. A new roof was installed in 2022; there is new concrete/walkway pavement to the house and all maintenance are up to date. As-is condition.
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Listing information last updated on May 3rd, 2024 at 2:30am CDT.