This property is a duplex in Ontario, OR, a town of 11,000 people in Eastern Oregon, right across the Idaho border. It's a fully-rented, cash- flowing property. Vacancy rate is very low; the owner says it's only been vacant two weeks out of the last five years. Each unit has 2 bedrooms and a bathroom, a kitchen and dining area, and a garage. It's two miles from Treasure Valley Community College.
One side of the duplex has been fully rehabbed. The other side hasn't, but it rents fine and is rented a year out.
Rent-o-Meter says average rents for a 2 bedroom in the area are $550/mo. These units rent for a little more than average, which is normal, according to a property manager in Ontario. They have been well-maintained and have some new items. The owner estimates that the roof will need to be replaced in 5-10 years.
It's a nice duplex with a lot of cash-flow potential. If you're looking for a safe investment, give me a call!