location_onCRYSTAL RIVER, FL 34428 · Citrus County
Excellent cash deal on a Multi-family DUPLEX fully rented! Was once 4 units and converted to 2 large units now-2800 SQ?FT. 100% Tenant occupied on 12 month leases. Turn it back into a Quadraplex? Income Yearly is $24,300, Monthly -$2,025. Insurance $1700/YR. Taxes-$2,422. Water/Elecric/garbage $612/Mo. Total Expenses-$954/Mo or $11,448/Year. Income $24,300 - $11,448 - $12,852. Owner pays electric and water. This can be changed by adding meters to the water lines from Home Depot at $139 per meter. An additional electric meter can be added also. Doing these two things will eliminate $600 dollars MOL each month from the expenses. Should the current owner keep the property, this is what will be completed. The property is well-maintained by a professional management company that can be retained if needed. Showing with an signed contract. When we purchased this property our inspector could only find one thing that needed to be corrected. It was a dryer vent that had become disconnected. This will give you a idea of the condition of this property. Cash only. lease end dates - 6/01/21-05/31/22 04/01/21-03/31/22
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Alexander Williams
DALTON WADE INC
DALTON WADE INC
888-668-8283
