Duplex built in 2005 producing a solid Cap Rate of 8.65 %. Great location just 3 blocks of the new Magic City development and close to design district, downtown, groceries, shopping and transportation. Both units are rented to a good Section 8 tenants with leases till June 2019 and December 2018 paying $ 1600 and $ 1300 respectively. There will be room to increase rents at the renewal of the leases. Tenants pay for all utilities. Landlord only pays for Prop. Taxes, Lawn Maintenance and Insurance. There is nothing major like roof, ac, plumbing or electric to do on this Property, only cosmetics improvements that shouldt be done till current tenants leaves. Great Investment and return. CASH ONLY, WILL SHOW WITH AN EXECUTED OFFER ONLY. PLEASE DRIVE BY BUT DO NOT APPROACH OR DISTURB TENANTS
