Fantastic Opportunity with 2 bedroom / 2 bath Duplex units that could each become 3 bedroom units that rent at $730/m now and could bring a higher rent up to $1000/m with improvements. Rents are consistent with long term tenants in place. There is a 2nd Duplex on the adjacent property also for sale. WELL & SEPTIC systems in place for even lower monthly costs for tenants, all in great working order. The units passed a 4 point inspection in 2019 and carry low insurance costs with liability. New Electric panel on 3620 in 2019. New roof on both units in 2018. Current cap rate at 8% with potential to improve to 12% if improvements are made. Tenant pays electric. No HOA , No Deed Restrictions.
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