About 580-590 Nw 58th Street
INCOME-PRODUCING DUPLEX | LIVE, LEVERAGE & BUILD WEALTHRare opportunity to own a mirror-image duplex featuring two spacious 3BD/2BA units, ideal for both homeowners and investors.Purchase options offer flexibility:$400,000 for one unit (50% ownership interest)$759,000 for full duplex ownershipPerfect for FHA buyers, allowing for low down payment options while benefiting from rental income. Live in one unit and rent the other, or maximize returns by leasing both.This property combines the advantages of residential financing with income-producing potential, making it an excellent choice as a primary residence, multi-generational home, or investment property. BUILT-IN INCOME + FINANCING EDGE• One unit leased to long-term tenant at $3,200/month • FHA allows use of 75% of rental income (~$2,400/month) toward qualification • Potential for low down payment (~3%) for owner-occupants This is one of the few true “house-hack” properties where income materially offsets ownership cost. The detached duplex design is a standout feature—each unit functions like a private single-family home, attracting higher-quality tenants, lowering turnover, and supporting strong long-term rents.“I’m selling a rock-solid duplex I’ve personally managed for years—professionally maintained and stabilized with zero drama. It brings in $6,400/month: one long-term Section 8 tenant at $3,200 and another paying fair market rent at $3,200. With just $6,480 in insurance and $10,147 in annual property taxes, it’s a cash-flow machine.But here’s the kicker—it’s in an Opportunity Zone. That means you can roll in capital gains tax-deferred for up to 12 months, and if you hold it for 10 years or more, you can completely eliminate capital gains tax on the appreciation. This isn’t just a smart buy—it’s a tax-free wealth builder.”
