Courtesy: Kentucky Wide Realty
859-224-4343
Duplex Investment Opportunity Excellent income-producing duplex with long-term tenants already in place. If purchased at this price you return on investment will be 7.8%. Much better than a CD or annuity. This property features one 2-bedroom apartment and one 1-bedroom apartment, making it a great addition to any investment portfolio. 2-bedroom unit: Currently rented for $595/month on a month-to-month lease. 1-bedroom unit: Rented through HUD for $540/month. The owner currently pays the water bill for both units. The property also includes a paved parking area with space for up to four vehicles, providing convenient off-street parking for tenants. Recent improvements include: Roof replaced in 2023. Hot water heater for the 1-bedroom unit replaced in 2023. Hot water heater for the 2-bedroom unit replaced approximately 2021. This property is being sold as is. Listing agent is the owner. Whether you're looking to expand your rental portfolio or invest in a property with established rental income, this duplex offers immediate rental income and strong investment potential.
London is located in Kentucky. London, Kentucky has a population of 7,492. London is less family-centric than the surrounding county with 27.78% of the households containing married families with children. The county average for households married with children is 28.65%.
The median household income in London, Kentucky is $41,795. The median household income for the surrounding county is $46,604 compared to the national median of $69,021. The median age of people living in London is 39.8 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 48.4 inches per year, with 9.7 inches of snow per year.
