Description: The Twin Oaks two duplex package allows investors to buy in the in-demand submarket of Belton, MO. Belton has a solidly employed tenant base who can’t get enough of renovated units. The two-bedroom and 1.5-bath units rent very well and have exactly what tenants look for – on-site laundry, at least one extra bedroom and bathroom along with yard space. This package includes 2 duplexes, a total of 4 units that are all currently leased at an average rent of $936/mo with a market rent $1,100/mo. This rent is already being achieved on one of the units with another nearly at this rate!
Why we love it: Low owner expenses and the liquidity of two separate duplexes.
The Challenge: One unit still needs cosmetic updates and one roof is end of life, see folder for a replacement quote.