DUPLEX CONDOMINIUM/RESIDENTIAL -Built in 2002. Unit 1 - Ground Level, 642 sq.ft. 3 office rooms, 2 storage areas and a private bath. Previous rents average $1238/mo. UNIT 2 - Upper Level, 722 sq.ft. Residential or additional commercial space, rented for $1000/mo. In the 4.5 years owned, the units have had no vacancies. Each unit has a keyed entrance off a foyer. The 2 units share one meter for LPEA and one for Atmos. Monthly utilitycost for both units has averaged $144 monthly. Both units benefit from a 3,000-watt solar system designed to produce 4,725 kWh of electricity each year. HOA fees includes, water, sewer, trash, landscaping, snow removal, exterior maintenance, and exterior insurance. TOTAL HOA fees are $247.00 monthly. The 6/30/17 actual valuation was $369,670. The tax bill for 2018 paid in 2019 was $2,616. There is an outside balcony on the upper level. Owners are willing to finance with 20% down at 5% for 30 years. CAP RATE on this unit is 5.6% for investment.
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