INVESTOR ALERT w/potential 13.45% ROI once remodeled!! There are 2 duplexes consisting of a total of (4) 1 bedroom/1 bath units that sit on one parcel of land (0.39 acres). There are two water meters (paid by the landlord and included in the rent) along with 4 electrical meters for each unit. 1630 Sue Dr. (west building) has recently gotten a new roof, septic tanks and drain field (see document section for recent invoices). 1628 Sue (south building) needs a new roof, septic & drain field, odd's and ends. Both currently rented one at $550 and the other at $450. The tenant paying $450 helps with the repairs and property management around the units so his rent might be discounted or even traded for labor from the sounds of it. I have attached a CAP rate proforma to help justify the numbers
Listing courtesy of ITG Realty.