This 6-bedroom, 2-bath duplex is an excellent turnkey investment property generating $4,200 ($1900 and $2300) in monthly rental income with an upside potential of another $400/month in raised rent. Both units are fully rented, with each unit offering 3 bedrooms and 1 bath. This makes it a highly desirable rental property, providing steady cash flow for the new owner. The property has been extensively updated in 2022, significantly reducing the buyer’s immediate capital expenditure (CapEx) needs. Major updates include a new roof, new luxury vinyl flooring throughout both units, and updated kitchens and bathrooms with modern finishes. The new AC units and new hot water heater provide additional peace of mind, ensuring that critical systems are up-to-date and functioning efficiently. These updates allow the new owner to benefit from lower maintenance costs and minimal immediate repairs, while also enhancing the property's overall appeal to tenants. Tenants are responsible for all utilities, including electricity, water, and gas, reducing the owner's monthly expenses and further enhancing the property's cash flow potential. With both units currently occupied by reliable tenants, the property is generating consistent rental income, making it a great investment for anyone looking to add a cash-flowing property to their portfolio. The duplex is ideally located near shopping centers, schools, parks, dining options, and major transportation routes, making it attractive to tenants and ensuring long-term rental demand. This is a ready-to-go investment with minimal maintenance required and strong rental income potential. Contact us today to schedule a viewing or to learn more about how this property can start earning for you right away.
Listing Details
Price
$529,999
Bedrooms
6 Beds
Year Built
1981
Property Type
Multi-Family
Listing #
A4629447
Status
Active
County
Manatee
Listing Type
For Sale
Interior Features
Square Feet
1,944
Heating and Cooling
Central, Central Air
Laundry
Laundry Room
Fireplace
No
Exterior Features
Exterior
Block
Foundation
Block, Slab
Roof
Shingle
Lot Size
0.19 acres
Miscellaneous
MLS Area
34208 - Bradenton/Braden River
Measurement Source
Public Records
Courtesy of Jonathan Pergerson and Mike Vo, Flotacal941-888-0043
Listings courtesy of My Florida Regional MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 11/16/2024 1:52 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This content last updated on 11/16/2024 1:52 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Housing Occupancy
Rural vs. Urban
Market occupancy and urban/rural information from Home Junction Inc.
Listings courtesy of My Florida Regional MLS as distributed by MLS GRID.
