INVESTOR ALERT w/potential 12.75% ROI once remodeled!! There are 2 duplexes consisting of a total of (4) 1 bedroom/1 bath units that sit on one parcel of land (0.39 acres). There are two water meters (paid by the landlord and included in the rent) along with 4 electrical meters for each unit. 1630 Sue Dr. (west building) has recently gotten a new roof, septic tanks and drain field (see document section for recent invoices). 1628 Sue (south building) needs a new roof, septic & drain field, odd'sand ends. Both currently rented one at $550 and the other at $450. The tenant paying $450 helps with the repairs and property management around the units so his rent might be discounted or even traded for labor from the sounds of it. I have attached a CAP rate proforma to help justify the numbers
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
