Great investment in popular University area! Close to I-275 and Bruce B Downs. Two units, both 2 bed/1 bath. Fresh paint. Block duplex fully occupied. Instant Cash Flow! Tenants in place through February of 2015 and November of 2014, leases available upon request. $550 per side for a monthly gross cash flow of $1,100. Proforma analysis: $13,200 annual rent in. Annual expenses: $4,689 (actual taxes of $1252, estimated insurance of $677, optional management of $1,320 and estimated lawn care of $240, estimated annual water bill $1200). Estimated 13% CAP RATE with an annual profit of over $8,500. *Proforma figures based upon information provided by owner and estimated fully occupied rental figures and should be verified by Buyer
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