Here is a great chance to grab 3 duplexes basically all on the same block!! All of them are 2/1 duplexes. Not too often you have 3 multi family properties that you could walk from unit to unit! Located just South of Lk Wales and in walking distance to beautiful Lk Clinch and Lily Lake Golf Resort. The units are under market rent because they are long term tenants but they are on month to month and leases are up. 2 of the units are currently vacant. You can take on existing tenants or start fresh with new tenants and get the market rent and really take advantage of the ROI returns!
To get those returns new tile floors are recommended instead of carpet ( better overall long term saving cost to do tile instead of continuing spending money on cleaning or replacing carpet ), paint, cosmetic work, some new appliances and your in business at $700 per unit. MUCH SMALLER 1/1’s and 1/2 duplexes are rented for $500-$600 a month. Also take advantage of the property manager already in place, he would like to continue to manage all the properties. Does not get much easier than this, you let the property manager handle everything, assist in renovations with flooring and minor rehab , getting new tenants, etc.
You really don’t have to ever visit the properties, let the property manager handle everything and just collect your checks! With multi family properties high in demand, returns like this, and a property manager in place, this will go fast.