Here is an opportunity to pick up two fully occupied duplexes in Inverness. There are (4) 2 bedrooms, 1 bathroom units with approximately 880 square feet of living area in each. Each unit has an attached single car garage with a rear patio. All four units are well maintained and are on shared well and with separate septic systems for each 2 unit duplex. All 4 units have signed leases and are professionally managed. The current property manager would like to stay on and only charges 8% management fee. Three of the four leases expire on 01/31/2020 and the fourth lease expires on 05/31/2020. The rents are as follows, 2014 A $600, 2014 B $585, 2016 A $510, and 2016 B $575. There is an opportunity to raise rents as well to increase your return. Turn-key investment properties like this don’t come around often and tend to move quickly so call us today!!
Rental Income: $2,270 mo. / $27,240 yr
Investor Price: $179,900
Closing Costs to Buy: $2,000
Rehab Projection: $5,000
Property Insurance: $900 / yr.
Estimated Taxes: $3,200 / yr.
Property Management: $2,180 / yr.
Maintenance: $1,000 / yr.