Description
** Incredible INCOME PRODUCING PROPERTY! *** Rent Potential: $26,400 annual income (and maybe higher) for these 2 units * BRAND NEW ROOF, NEW CENTRAL HEAT & AIR UNIT, NEW WATER HEATER and WIRING! * Basically, these units are ready to lease for the long haul, with only minimal cosmetic updates needed, if you desire, though nothing needed currently ** Both units are currently rented and will cash flow immediately with a Cap Rate of close to 12 (6-7 is industry standard)! ** Situated NEXT TO UWF and a mile or so from West Florida Hospital and more, you cannot find a better location with potential for substantial appreciation, in addition to the cash flow ~ Market rent for this property is approx $1,100 a month per side (please confirm the actual rent at the moment) **** Please verify all features, dimensions, measurements (sq ft of each unit), etc that may be important to you ***** Seller is the Broker of Record and is a licensed Real Estate Broker in FL and AL **
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2BEDS
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N/AACRES
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2BATHS
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01/2 BATHS
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595SQFT
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$378$/SQFT
School Information
Description
** Incredible INCOME PRODUCING PROPERTY! *** Rent Potential: $26,400 annual income (and maybe higher) for these 2 units * BRAND NEW ROOF, NEW CENTRAL HEAT & AIR UNIT, NEW WATER HEATER and WIRING! * Basically, these units are ready to lease for the long haul, with only minimal cosmetic updates needed, if you desire, though nothing needed currently ** Both units are currently rented and will cash flow immediately with a Cap Rate of close to 12 (6-7 is industry standard)! ** Situated NEXT TO UWF and a mile or so from West Florida Hospital and more, you cannot find a better location with potential for substantial appreciation, in addition to the cash flow ~ Market rent for this property is approx $1,100 a month per side (please confirm the actual rent at the moment) **** Please verify all features, dimensions, measurements (sq ft of each unit), etc that may be important to you ***** Seller is the Broker of Record and is a licensed Real Estate Broker in FL and AL **
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