2 Bed, 1 Bath each Unit
Approx. 900 sq ft per unit
Built in 1976
6,960 sq ft lot
Roof less than 1 year old
AC ‘s are 1 & 5 years old
Kitchens are 1 & 3 years old
Separate Electric Meters
CASH OR HARD MONEY ONLY
REALTORS ADD YOUR COMMISSION
This duplex consists of a 2 bed, 1 bath per unit. Each unit has approx. 900 sq ft. The roof is less than 1 year old. Newer central A/C units and kitchens in both units. The property was built in 1976, CBS construction, with separate electric meters.
The property is in good shape overall. Some TLC/upgrades would be required on the interior to realize maximum rental potential. Would make a great cash flowing investment as taxes & overhead are low as compared to the rental income.
Currently rented under market, both on a month-to-month lease. The market rent for these units is approximately $1,300 per unit.
$1,300 x 24 = $31,200 Gross
Minus Taxes & Insurance = $4,500
Minus Water/Trash = $1,100
Minus Repairs/Maintenance = 2,500
Total = $23,100 Net
$23,100 / $211,500 = 11% CAP RATE
ALL PROPERTY INSPECTIONS & VIEWINGS ARE BY APPOINTMENT ONLY
DO NOT DISTURB TENANTS!!