Description
LOOKING FOR A GREAT INVESTMENT PROPERTY ? LOOK NO FURTHER THIS AMAZING PROPERTY IS LESS THAN 2 MILES FROM 1-75, CENTRALLY LOCATED TO EVERYTHING,10 IDENTICAL 2 BEDROOM 1 BATH UNITS . TOTAL OF 5 DUPLEXES. ON A SINGLE PARCEL. 7020 RENTABLE SQ FT. LONG TERM TENANTS WITH BELOW RENTS NO LEASES ON THOSE 6 , 4 UNITS HAVE BEEN TOTALLY RENOVATED WITH HIGHER RENT AND LEASES ON THOSE 4 RENOVATED 2 AT $1500 AND 2 AT $1550 PER MONTH. BRAND NEW WELL SYSTEM . ALL ROOFS REPLACED IN 2020. 8+ CAP RATE. EVEN WITHOUT IMPROVEMENTS ON THE OTHER 6 UNITS RENT CAN BE $1400 PER MONTH. WHICH IS 2.12 PER SQ FT. ONLY 4 UNITS HAVE LEASES THE OTHER 6 ARE ON A MONTH TO MONTH. PROPERTY HAS PROPERTY MANAGER WHO IS WILLING TO STAY IF NEEDED.
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0BEDS
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0.66ACRES
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0BATHS
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01/2 BATHS
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7,020SQFT
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$228$/SQFT
School Ratings & Info
Description
LOOKING FOR A GREAT INVESTMENT PROPERTY ? LOOK NO FURTHER THIS AMAZING PROPERTY IS LESS THAN 2 MILES FROM 1-75, CENTRALLY LOCATED TO EVERYTHING,10 IDENTICAL 2 BEDROOM 1 BATH UNITS . TOTAL OF 5 DUPLEXES. ON A SINGLE PARCEL. 7020 RENTABLE SQ FT. LONG TERM TENANTS WITH BELOW RENTS NO LEASES ON THOSE 6 , 4 UNITS HAVE BEEN TOTALLY RENOVATED WITH HIGHER RENT AND LEASES ON THOSE 4 RENOVATED 2 AT $1500 AND 2 AT $1550 PER MONTH. BRAND NEW WELL SYSTEM . ALL ROOFS REPLACED IN 2020. 8+ CAP RATE. EVEN WITHOUT IMPROVEMENTS ON THE OTHER 6 UNITS RENT CAN BE $1400 PER MONTH. WHICH IS 2.12 PER SQ FT. ONLY 4 UNITS HAVE LEASES THE OTHER 6 ARE ON A MONTH TO MONTH. PROPERTY HAS PROPERTY MANAGER WHO IS WILLING TO STAY IF NEEDED.
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