330 N Dibble Ave, Lansing, MI 48917

A great opportunity for the real estate investor who is looking for a property with the potential for a high cap rate, a healthy net operating income, great tenants who pay on time, and to avoid all of the ''typical problems'' that plague the average real estate investor. This recently-updated, cash-flowing duplex located in Delta Township may be just the opportunity you have been looking for. Each unit is a two-bedroom 1.5 bath unit. One side is complete with a finished basement and the other has a full basement but is unfinished. Both units are pretty much mirror images of each other with a half bath, living room, and kitchen on the first floor. Two bedrooms and a full bathroom on the second floor. Monthly, this unit generates an income of $2,050; extrapolated over a year, that's $24,600. With minimal repair expenses, this unit has the potential to produce a double-digit cap rate. That's hard to come by in this post-pandemic environment. Even if you financed this property to reach a higher return on equity, you still have the opportunity to produce a healthy cap rate.