This fully rented duplex offers a great investment opportunity. Each side rents for $1200 per month. With gross income of $28,800 minus taxes ($3840), minus insurance ($1254) and allowing a generous 10% for vacancy collection and repairs ($2880), you still collect $20,826 in net income each year. At list price, that's an almost 7% return in your first year. Both units have similar floor plans with 3 bedrooms, 2 full baths and 1 car garage. They feature vaulted ceilings, tile throughout and a private screened lanai. A new central AC unit was installed in one unit in 2018 and the other in 2016. This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, city hall, and commuter routes. All assessments are paid. This is one you'll want to check out.
CC14 - Cape Coral Unit 16,18,22-
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on August 19th, 2019 at 6:45am EDT.