Two Inverness Duplexes – Milton St, Inverness, Fl 34453 Sold

  • $179,900
  • 8 beds
  • 4 baths
  • 3,520 sqft

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
Utilities:  $500
Property Insurance:  $900 / yr.
Estimated Taxes:  $3,200 / yr.
Property Management:  $2,180 / yr.
Maintenance:  $1,000 / yr.

Price:
$179,900
Address:
Milton Street
Inverness, Florida 34453
Square Feet:
3,520
Bedrooms:
8
Bathrooms:
4
Terms:
For Sale
Property Type:
Duplex
Year Built:
1973

Call 321-766-9338 for more details

Property Location