Turnkey Duplex
*** ********* ***, ********, FL
10.94% return
LP:
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Property Description

Awesome rental. Totally renovated, no repairs are needed. Units will rent at $750 a month. Needs a new owner. Located in one of the fastest growing counties in the state of Florida. Solid construction. Great low crime rental area. Professional property management is available.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size1680 sq. ft.
  • Lot size0.2 acres
  • Year built1948
  • County******** County
  • Subdivision********** *********
  • ConstructionMasonry/Frame
  • Roof
  • Water sourceCity
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C

Property Financial Summary

  • Asking price $120,000
  • Estimated rehab 1 $0
  • Total investment $120,000
  • Type Proforma
  • Gross income (annually) $18,000
  • Operating expenses (annually) $4,868
  • Net income (annually) $13,132
  • Gross return 15.00%
  • Gross income (monthly) $1,500
  • Operating expenses (monthly) $406
  • Net income (monthly) $1,094
  • Net return 10.94%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $750/month $9,000/year
  • Unit 2: 2 bed / 1 bath $750/month $9,000/year
  • Total $1,500/month $18,000/year
  • Expenses
  • Property Taxes $54/month $648/year
  • Insurance $75/month $900/year
  • Lawn care $60/month $720/year
  • Maintenance reserve $167/month $2,000/year
  • Water and Sewer $50/month $600/year
  • Total $406/month $4,868/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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