2006 Built Duplex with 15% ROI 1st St SW Lehigh Acres, FL. 33973
Property Detail
Type
Duplex, **SOLD** Status
Cash Flow, **SOLD** Location
Florida
Sub Location
Lehigh Acres
Price
$179,900
Sq. Ft.2,560Bedrooms6Bathrooms4Rent/mo$2,200 - $2,400Rehab$5,000 - $10,000+/-Garage1 CarPoolNoneTaxes/yr$1,540Lot Size (Acres)0.28ConstructionBlockWaterfrontNoneYear2006SubdivisionLehigh EstatesHOA Fees/mon/a
Property Description
Here is a huge cash-flow opportunity in Lehigh Acres. This is a 2,560 SQFT duplex built in 2006. Each side of the duplex is a 3/2/1. Market rent per unit is between $1,100 – $1,200 which comes out to $13,200 – $14,400 per year per side. If both sides are rented the estimated ROI after taxes and insurance is between 13% – 15%.
One side is vacant and rental ready. The other has tenants that have been served their eviction notice. I would estimate some rehab will be needed to get that unit after the eviction is finished.
