Investment opportunity with a potential 8% CAP. Two separate houses on a 10,261 sq ft lot. First house 2/1, second house 1/1. Two separate meters for each building. Two central ACs. Roof will be replaced (in process of receiving permits). Both houses will be freshly painted in white. All utilities are paid by the tenants. The front house leased for $1550, lease to expire on April 20, 2020. Second house to be renovated, currently vacant, can be easily converted into two bedrooms. (please see rental stats in the area attached). High demand rental area. Close to all major roads, downtown and the beach. Expenses include the following: property taxes, insurance, lawn maintenance.
Listing courtesy of Waterfront Investment Real Estate.