Property Description

Turnkey investment opportunity on a beautiful residential street in Olney! This well-maintained DUPLEX at 253 Rosemar St offers immediate rental income with both units currently leased, providing an attractive opportunity for an investor or a future owner-occupant looking to offset their housing costs. Unit 1 is a spacious bi-level 2-bedroom, 1-bath apartment with a thoughtfully designed layout. The lower level features two bedrooms and a full bathroom, while the main level offers a bright, open living/family room and dining area, along with the kitchen. The kitchen provides access to a private deck and backyard, creating a great outdoor space for tenants. Unit 2 is accessed through its own private entryway and offers a flexible 1-bedroom plus den/living room layout. The unit features an eat-in kitchen and an updated bathroom, making it a comfortable and functional rental. Both units have separate private entrances and modern keypad access locks, offering convenience, privacy, and easy access for tenants and property management. Current Rental Income Unit 1: Leased through June 30, 2027 at $1,135/month, including water Unit 2: Leased through July 31, 2027 at $1,050/month, including water Combined monthly rent: $2,185 Current annual scheduled rent: $26,220 The property was successfully granted a Permit for Use as a Two Family Dwelling in August 2015. With established tenants, separate entrances, flexible layouts, outdoor space, and existing two-family use documentation, 253 Rosemar St presents a compelling opportunity to add a cash-flowing property to your portfolio in Olney.

Property Features

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