Spacious Mahncke Park Duplex – Investor Value-Add with Owner Financing

Rare opportunity to acquire a high-upside asset in Mahncke Park, one of the city’s most consistently demanded rental submarkets. The property is available for individual purchase or as part of a portfolio, allowing investors to scale strategically. Owner financing with attractive terms enhances leverage and reduces acquisition barriers.

Each unit features an unusually large 2-bedroom, 1-bath floor plan exceeding 1,300 square feet — a size advantage that supports tenant retention and competitive rental positioning. Both units include dedicated laundry rooms, a desirable amenity for long-term renters. The downstairs unit offers an additional flex room suitable for a home office or third sleeping area, creating potential for rent premiums. The upstairs unit benefits from a private patio overlooking the street, further strengthening marketability.

Capital improvements are already underway, with one unit having completed a full electrical upgrade — an important reduction in near-term risk and future capital expenditure. The property is well-suited for a light-to-moderate renovation strategy, where cosmetic updates and deferred maintenance resolution can unlock meaningful rental upside and NOI growth.

Interior photos depict the units during their most recent vacancy. This is a strong repositioning opportunity for investors seeking cash flow growth, forced appreciation potential, and a location-driven demand profile.

Investment Highlights

     <> Large unit sizes exceeding typical duplex comparables

     <> Flex space enabling rental premium strategies
     <> Electrical system upgrade completed on one unit
     <> Owner financing available (favorable leverage structure)
     <> Value-add potential via cosmetic modernization
     <> High-demand rental location

Property Features

     <> Exterior: Wood siding
     <> Exterior Features: Deck/Balcony, Chain Link Fence
     <> Roof: Composition
     <> Foundation: Pier & Beam
     <> Flooring: Ceramic Tile, Wood, Vinyl
     <> Total Units: 2
     <> Lot Size: 0.161
     <> Zoning: MF-33, NCD-6