Sunny North Florida, 12 Miles from the Beach, 2 Separate Properties: a 3 Big Bedrooms, 1 Bath SFR, 3/1 All Brick House, Zoned Commercial / Residential, Live Here or Work Here, one Car Detached Garage + Work Shop + Double Carport, + a 4/1 Frame Home easily Converted to a 4/2, with a fenced Lot, central A/C, Rents for $800 + $1,000 month, $1,800 Rent Income per Month, $21,600 per Year. $216,000 Rent Income after 10 Yrs. Vacant and Ready to Move In, Quiet Neighborhoods, Better Than New...!!! Extra Clean, Low maintenance Brick the 3/1, Wood Floors, Low Total Property Taxes $1,200 per Year, Insurance $1,300 Year, Central Area, Close to Everywhere, I-10, I-95, I -295, US1, Minutes from The Beach, St. Johns River, Boat Ramps, Downtown, Shopping, Mayo Clinic, Universities, Airport, laundry Room with Washer and Drier connections, Huge Lot, can park RV's, Boats, Big Trucks, All your Toys, Will take $110K for the 4/1, $85K for the 3/1 All Brick House or $199,000 for Both OBO Management Available, Will Co-Op, Bring All Offers or Trades ...!!! Call show contact info
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Total Rent Income= 1,800 *12 = $21,600 Yr.
Property Taxes = $1,200 Yr.
Insurance = $1,300 Yr.
Net income = $21,600 - 2,500 = $19,100 Annual Income
Net Cap rate = $21,600/199,000 = +10 % Annual Return
$216,000 Rent Income after 10 Yrs.
Asking $110K for the 4/1, $85K for the 3/1 All Brick House or $199,000 OBO for Both Properties.
Management Available, Call show contact info