Property Detail

Description

This duplex is a ground up construction completed by Ocean Development in 2022. Along with many others in the neighborhood being rebuilt and capturing top of the market rents with new attractions and development nearby. This property is ideal for investors seeking ease of management with attractive rental income. Currently leased at $7,500 monthly, mostly passive as the property has separate electric, gas, and water meters for tenants to pay their own utilities. Thoughtfully designed with one unit in front, and the second unit in back, the tenants live next to each other - not on top of each other. Each unit boasts large 5 Bedrooms and 3 Baths - approximately 1,857sqft each. Design features include central heating systems, dual pane windows, solid wood cabinets, granite counters in kitchen, solar electric systems and interior laundry room in each unit. Property includes a 3 car garage. An estimated 5.37 cap rate with below market rent tenants and no deferred maintenance. ASK ABOUT SELLER FINANCING OPTIONS AVAILABLE WITH 12% IRR!