Here is a concrete block duplex located in Saint Cloud. Each side has 2 bedrooms and 1 bathroom as well as a carport. Currently, both units are occupied with long term tenants that assist with maintaining the property. This property is located about 7 blocks from the beautiful Saint Cloud Lakefront and is close to schools, restaurants, and shopping. We recommend making cosmetic updates and increasing the rents to market rates which are $1000 – $1100 per month for similar size units, increasing the return on your investment to over 9% and if self managed to over 10%. Saint Cloud is experiencing a lot of updates and improvements throughout the city, which is always a good thing for property owners. With ease of access to Orlando and in high demand for rental properties, Saint Cloud remains a hot spot for investors. Don’t miss out on your opportunity to add this multifamily property to your portfolio.
Rehab: $10,000 +/- for general updating