1561 Ham Reid Rd Road

Description

Turnkey income-producing property with approved expansion potential — generate cash flow today while positioned to grow from 4 doors to 12 doors with infrastructure already in place. Fully occupied and built in 2021, this exceptional investment opportunity features two duplexes (4 total units) situated on approximately one acre, offering immediate income with significant future upside. Each unit provides approximately 1,000 square feet with 2 bedrooms and 2 bathrooms, functional modern layouts, standard kitchen appliances, and ample parking for tenants. The property is currently generating $48,000 in annual gross income with operating expenses of approximately $12,360, delivering strong in-place cash flow from day one. Separate electrical meters are in place, with one shared water meter serving the property. What truly sets this investment apart is the development readiness. The property is already zoned and approved for four additional duplexes, allowing expansion to a total of 12 doors. A major cost savings to the next owner is the installed sewer system sized for full build-out, along with electrical and plumbing infrastructure already pre-run to accommodate future units — dramatically reducing development costs, timelines, and risk. This rare opportunity allows an investor to acquire stabilized income while strategically expanding and increasing rental revenue over time. Ideal for investors seeking a combination of immediate returns, scalability, and long-term portfolio growth. Rent roll, operating expense details, and additional development information available upon request through listing agent. Duplexes have two addresses - 1561 Ham Reid unit 1 and 2 - 1559 Ham Reid unit 1 and 2.