4 bd. / 2 ba. for each duplex (Each unit is 2 bd. / 1 ba.) 1604 sq. ft. for each duplex (802 sq. ft. for each unit) Built in 1986 Frame construction Lot size 100x152 each = 1.4 Acres Occupied – Drive by only and call for appointment, Foster Algier, Licensed Real Estate Agent, Sand Dollar Realty Group, Inc., 407-217-2899. 4 DUPLEXES (8 units) In Wekiva / Apopka Area - ALL OCCUPIED! 18%+ CAP RATE! CASH FLOW OPPORTUNITY! EARN AN EXTRA $53K+ from your future tenants!! 7 units at $700/month; 1 unit at $350/month (this tenant manages the rent of the units, making minor repairs and collecting the rent for the owner) $700/mo. x 7 units = $4900/mo. income $350/mo. x 1 unit = $350/mo. Income TOTAL MONTHLY INCOME: $5,250/mo. x 12 months = $63,000 gross annual income $63,000 gross annual income - $6,577 annual property taxes - $3,200 est. annual insurance $53,223 Est. NOI ÷ Price $299,900 = CAP rate almost 18%+ (management included!) The A/C's were replaced in the last 5 years. The roofs have not been replaced for some time. The plumbing has been redone. The insides have some linoleum flooring but the renters are renting with that now so I'd leave it. The units look 'rented', like they would need re-painting if someone moved out. The water is city water with septic. CASH, HARD MONEY OR PRIVATE FUNDING ONLY, NO BANK FINANCING. We have handyman specials, under market value, foreclosures, probate, REO's and rental investment homes. Properties added daily, visit our website: www.facsold.com and join our email list. Receive a $100 gift card of your choice when you purchase a property from First Alliance Capital. See website for more photos.
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