Description
This income producing property includes 4 structures on this property. 2 duplexes, all 1 bed, 1 bath. 1 single family cottage with 2 beds, 1 bath. 1 Triplex with a 1 bed, 1 bath unit and 2 effeciences. The two duplexes are renting for $1075 per month and tenant pays the water, sewer, electric and cable. The single family cottage is rented for $1375 per month and tenant pays electric & cable, owner pays water & sewer. The triplex 2 effeciences rent for $800 & $850 per month, the 1 bed/1 bath unit pays $1020 per month and owner pays water, sewer & electric (no cable). There is a separate laundry facilitywith a washer & dryer on the premise. Owner has a storage shed onsit for tools, lawn mower, etc. Property generates $8345 per month & will increase to $8550 on July 1st, 2023. Cap rate is 5.6%. City water & sewer, no assessments. Property is right up the street from the Intercoastal. Possible Seller Financing with 40% Down
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0BEDS
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0.55ACRES
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0BATHS
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01/2 BATHS
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3,714SQFT
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$397$/SQFT
School Ratings & Info
Description
This income producing property includes 4 structures on this property. 2 duplexes, all 1 bed, 1 bath. 1 single family cottage with 2 beds, 1 bath. 1 Triplex with a 1 bed, 1 bath unit and 2 effeciences. The two duplexes are renting for $1075 per month and tenant pays the water, sewer, electric and cable. The single family cottage is rented for $1375 per month and tenant pays electric & cable, owner pays water & sewer. The triplex 2 effeciences rent for $800 & $850 per month, the 1 bed/1 bath unit pays $1020 per month and owner pays water, sewer & electric (no cable). There is a separate laundry facilitywith a washer & dryer on the premise. Owner has a storage shed onsit for tools, lawn mower, etc. Property generates $8345 per month & will increase to $8550 on July 1st, 2023. Cap rate is 5.6%. City water & sewer, no assessments. Property is right up the street from the Intercoastal. Possible Seller Financing with 40% Down
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