Smart Investment over 11% CAP Rate; this is a turnkey business of tenant occupied residential retal properties. The listing price represents "Group-A" of 3 single family homes that must be sold together in order to facilitate the seller as part of a 1031 exchange. Additional properties totaling 12 homes will also be available to be sold in Groups of 3, all properties are less than 15 minute drive from each other. This is Strictly a Cash Sale. however seller will provide buyer their successful business management plan, based on over 30 years experience!
This home is rented through next December 2013. The lease must be upheld. The tenant will probably want a new lease. This is a 4 bedroom, 2 bath home with a 2 car garage. Rental income is $1350 a month paid by a state authority.
Investor Special. Well maintained triplex located in Port Richey. Each unit is 2 bedrooms, 1 bath. Middle unit is currently rented at $550/month; remaining 2 units are vacant. Vacant units have been freshly painted and some updates have been done. Front unit #5 was painted and the porch was rescreened- all new tile floors through out , new shower installed and vanity. Middle unit #6 has been painted and tiled. Rear unit #7- painted, new tiles floors throughout excl kitchen & new toilet. Owner pays water (approx $30/month), lawn ($35/month) and the dumpster ($47/qtr). Each unit has separate electric meters. Tenants have good access to all amenities incl Gulfview Square Mall, shopping, bus service & restaurants.
Awesome investment property! This duplex features a 2/1 and a 1/1 and carports between them. Out back there are nice open patios and the rear yards are fenced separate. The water and electric are also metered separate. Both units have newer central A/C and are in great condition! This is one of the first homes in the subdivision off of U.S. 19 and is walking distance to many shops and offices. This duplex will never be hard to rent! Both units are rented with leases and deposits.