11 Spruce Street

Description

Welcome to 11 Spruce Street, a well-maintained duplex located in Porterdale’s historic district. This property features two spacious 1-bedroom, 1-bath units, each with a walk-in closet, fairly updated kitchens, and large windows that fill the space with natural light. Laundry areas are conveniently located inside each bathroom. Two covered front porches, separated between units (not fully private). Additional parking for up to one to two vehicles is available from the rear of the property via Ivey Park Street. The property is currently occupied by long-term senior tenants, providing consistent and reliable income. Rent is $850 per unit, increasing to $900 per unit starting April 1st. Tenancies will convert to month-to-month, offering flexibility for an investor or owner-occupant, with 30 days’ notice to vacate. Tenants are reasonable, easy to work with, and pay on time through Social Security/retirement income. Tenants pay their own electricity. Water and sewer are paid by the landlord through the City of Porterdale, as the water is not separately metered. Whether you’re looking to expand your rental portfolio with steady cash flow or seeking a charming duplex to house hack, 11 Spruce Street presents a strong opportunity in a growing area. Located just minutes from local shops, dining, and entertainment, its location in the heart of Porterdale and convenience to Covington is a rare find. Don’t miss your chance to invest in this historic gem! *Disclaimer: Photos are from the seller’s original purchase in 2023 and may not reflect current condition. Per previous owner, the house was taken down to the foundation and completely rebuilt in 1981.