Please contact listing agent Pat Perotta with Keller Williams Realty at (850) 830-5541 to schedule a showing or for any questions!!!<br /> <br /> TURNKEY Rental property that CASH FLOWS. Cap rate is at 8% at list price. With 20% down on list price, the CASH-ON-CASH Return is above 14%. <br /> Both units just had their Central heating and AC units inspected, serviced, and cleaned and are verified to be in tip-top shape by Alpine Air company based locally in Destin/Fort Walton Beach.<br /> This is a truly beautiful duplex(Units A and B). Unit B is newly renovated(finished 02/2012). And Unit A has just been completely renovated...finished September of 2013. Both units have all new paint inside and out, light fixtures, new everything in bathrooms, new counter tops, etc... 1050 square feet per unit and both are 2 bed 1 bath. Spacious seperate back yards for each unit. New decks front and back on B unit. Paver patio on back of B unit, nice for entertaining with plenty of space for patio furniture and barbecue grill. New appliances, and granite counter tops in kitchen and bath in B unit. New landscaping. Unit B rents(currently occupied by tenant with 1 year lease) for $900/mo and unit A is currently being occupied by the owners. It is expected to rent easily for same or more than unit B, meaning this property will provide $1,800 minimum gross income each month.The vacancy rate over the last 4 years has been extremely low due to its great location and beautiful condition. When Unit B was last listed for rent, there were over 20 interested parties just in the first 24 hours. 3 people called/emailed/texted within the first hour, 9 oclock at night. It rented within a week to the second person scheduled for showing. Young military man and his wife. It was listed only on craigslist. A lease has always been signed within the first week after listing for rent.<br /> See the pictures and schedule a showing! <br /> This a great investment opportunity as it offers a mid-range capitalization rate which means that it is a lower risk property, but still yielding a healthy rate of return. <br /> Or if you are an owner occupant, Unit A will be ready to move into upon sale to you...and it is freshly remodeled and ready to go. Will significantly reduce your mortgage payment with the rent income the other unit provides.<br /> You can't go wrong. Neighborhood Description Sunset Blvd. is a horseshoe shaped street, so there is no through traffic. Just residents. It is peaceful and quiet. Nice area to ride your bike or take a walk back deep in the neighborhood down pelham road and beyond. It is near all grocery shopping. Near schools. Near restaurants. It is pretty much one of the most convenient locations you could ask for...yet quiet at the same time. Hurlburt field is close as well...which always draws military renter interest. Military tend to make great tenants.
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.
