107 E 11thKemp, TX 75143

Description

Great investment opportunity in Kemp. This renovated duplex is fully occupied and producing steady rental income. Each side offers 2 bedrooms and 1 bath with modern updates and reliable tenants in place. Unit 1 rent: $1,000 per month Unit 2 rent: $1,135 per month Total gross income: $25,620 annually Net income: $21,630 annually Cap rate: 10.87 percent No HOA This property offers immediate cash flow and is a solid addition to any rental portfolio.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1900

Building area

1,336 Sq Ft

Lot size

0.17 acres

Lot dimensions

74.39 x 100

Parking spaces

1

Days on market

116

MLS^® Listing#

21259445

Property Features

Interior

Other

Appliances

Electric Oven

Cooling

Wall/Window Unit(s)

Heating

Propane

Flooring

Laminate

Parking

Covered

Construction

Vinyl Siding

Foundation

Pillar/Post/Pier

Roof

Composition

Sewer

Public Sewer

Water source

Public

Parcel number

29056

Schools

Elementary

Kemp

Middle

Kemp

High

Kemp

District

Kemp ISD

Directions

Head east on US-175 E from Kaufman. Continue on US-175 E for approximately 11 miles. Take the Kemp Business exit. Turn right onto E 11th St. The destination will be on your right at the corner of E 11th St and Elm St