Updated Duplex – $1,650/mo Income | Turnkey Cash-Flow Deal in Middletown
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2-4 Unit -
4 -
2 -
1946 -
1015 -
1015 -
No Garage
Description
2406 Vermont St, Middletown, OH 45044
Solid brick duplex generating $1,650/month in rental income ($800 + $850). Each unit features 2 bedrooms and 1 bath, with long-term tenants and separate utilities.
This property underwent a complete renovation in 2020, including new water heaters, windows, updated plumbing and electrical, all new interior and exterior doors, and new siding. The roof on both units was replaced in early 2023, ensuring low ongoing maintenance.
Both units use baseboard heating and window air conditioning, offering simple, low-cost upkeep.
Located in a quiet residential area close to schools, parks, and shopping, this property provides reliable cash flow in a stable rental market.
Highlights:
- 4 total bedrooms / 2 baths (2 units)
- $1,650/mo gross rent
- Tenants pay utilities
- Fully renovated (2020) + new roof (2023)
- Low-maintenance systems (baseboard heat, window A/C)
- Easy access to I-75 and local amenities
- Strong rental demand area
A fully updated, cash-flowing duplex—perfect for any buy-and-hold investor.
Estimated Spread
- ARV $170,000
- Price $145,000
- Spread $25,000
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