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 to $1125 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 & $975 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 $8520 per month & will increase to $8870 on August 1st, 2023. 6.75 % Cap rate. City water & sewer, no assessments. Property is right up the street from the Intercoastal. Possible Seller Financing with 30% Down
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9BEDS
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0.57ACRES
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8BATHS
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01/2 BATHS
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 to $1125 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 & $975 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 $8520 per month & will increase to $8870 on August 1st, 2023. 6.75 % Cap rate. City water & sewer, no assessments. Property is right up the street from the Intercoastal. Possible Seller Financing with 30% Down
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