Fantastic investment opportunity with this 2007 Duplex. Fully rented long term tenants with recently renewed leases. Both expressed they would like to stay. NOI $31675.24, Cap Rate 8.358% (see attached income and expenses spreadsheet). Rents for $3,106 total per month. Seller has taken great care of this property making it an easy keeper for the next investor. New 2024-dimensional shingle roof, $16,000. 2024 new Drain field on the right side (there is a septic system on each side), central water though, units have been gone through and made sure everything was fixed and looking good (fresh interior paint on left side, newer appliances). Duplex is in a really nice area of Placid Lakes, close to a great Mexican Restaurant, dollar store, gas station, and about 10 mins away from downtown. Tenants really enjoy having a garage on each of their sides and the open layout with the kitchen and living room. Could offer tenants access to the waterfront park on Lake June (boat ramp, playground, boardwalk, gated entrance, fishing).
Property Type :
Residential
County :
Highlands
Style :
Residential
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ByOwner last updated this listing 05/01/2024 @ 19:37
MLS: 301523
LISTED BY: Eve Brock, Eve Brock's Florida Realty
SOURCE: HLAND
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
