9-11 Dungeon Ave
$579,900
4
Beds
2
Baths
1,368
Sqft
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$579,900
4
Beds
2
Baths
1,368
Living Area
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Property Description
An excellent opportunity for an investor seeking immediate rental income with value-add potential. Make your own updates with a $ 20,000 credit at closing! $20,000 credit at closing toward rate buydowns, prepaids, and closing costs! Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies. Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant.
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Highlights
- Cooling: Window Unit(s)
- Levels: 2
- Property Class: Residential Income
- Stories: 2
- Year Built: 1970
- Heating: Electric
- Parking Spots: 3
- Property Type: Multi Family
- Total Rooms: 10
- Status: Active
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Additional Details
- Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
- Exclusions: Unit 2 Microwave
- Foundation: Slab
- Road Frontage Type: Public
- SqFt Source: Other
- Year Built Details: Actual
- Zoning: R2
- Construction: Frame
- Flooring: Tile, Vinyl
- Lot Features: Wooded
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $485,780
- Tax Year: 2026
- Total Rent: $4,700
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $5,003
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of The Aland Realty Group LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.