About this property

Excellent investment opportunity with owner-occupant flexibility and future upside. This duplex sits on a large lot with potential for at least one DADU, creating even more income potential or re-sale value down the road. Each unit offers 2 bedrooms and 1 bathroom, with recent updates including newer vinyl windows, waterproof flooring, fresh interior paint, updated fixtures, new exterior door, chain link fencing, and slope-support between backyards to ensure tenant safety. The lower unit is occupied by a long-term tenant who would love to stay, providing immediate rental stability. Extensive off-street parking and two separate garages add convenience and value for both tenants and owners. Ideally located just minutes from the shipyard and within walking distance to local coffee shops, restaurants, and the rapidly growing Callow Ave district. The heavy lifting has already been done, allowing you to cash flow now while positioning yourself for future development potential. Listing agent also has a trusted DADU contractor available for buyers interested in maximizing the property’s value. Upper unit rent is very reasonable pro-forma. Proforma cap rate 8.7%