$20,900 will buy you this instantly cash flowing brick duplex, currently occupied with long term tenants. They are like barnacles, they pay regularly and aren't going anywhere! Rents may be on the lower side ($330 and & $325/month - Total $655/month) but there is no fix-up and no vacancy. Factor about $150/month in expenses (Taxes, water, insurance all at about $50 each) and this property will be bringing you in a monthly cash flow of $500/month. That is a Cap Rate of over 25%!!! &i...
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