Property Description

Return of investment right away: $ 34.320 (7.80% Gross Return) as annually rental income in place! Well maintained concrete block / stucco Duplex in good neighborhood of San Carlos Park with City-water. This solid income generating investment has 2 units: a spacious 3/2 with 1,343 sft with an enjoyable screened lanai and a single garage. The second unit is a 2/1 with a screened lanai as well. Citi water in place and assessments paid! The large driveway offers room for parking and the covered back yard is beloved by the tenants. Sitting on an elevated lot, there was never any issue with flooding! The roof was replaced late 2015, one A/C unit was renewed in 2021, the other is from 2016. Water heaters are also newer, and the electrical panels have been updated in 2021. The units are rented for years to the same tenants, as they proofed to be low maintenance. The smaller unit has just renewed an annual lease, the larger unit (3/2) has been left on a month-to-month basis for more flexibility. Both units are rented and any showing will only be performed together with the brokers office! Please respect the privacy of the tenants!

Property Features