About This Property

Rare investment opportunity in Mims. This side-by-side duplex has been continuously rented for 30 years, an exceptional track record of tenant demand and cash flow stability. Both units offer a 2-bedroom, 1-bathroom layout across approximately 1,500 square feet combined. Both are under year-long leases generating $2,200 in combined monthly rent, or approximately $21,400 in net annual income, an 8.5% cap rate. Listed at $250,000. Roof replaced in 2013. AC system replaced in 2017. A turnkey opportunity for an investor seeking proven cash flow with minimal vacancy risk.

Key Features

• Built in 1960

Property Details

• Type: Single Family Home
• Year Built: 1960
• Lot Size: 0 sq ft
• Sq Ft: 1,500
• Price / Sq Ft: $167
• HOA: Contact Agent
• Bedrooms: 4
• Bathrooms: 0
• Feature: Built in 1960
• Status: Active
• MLS Number: MFR811929071
• Days on Market: 1
• Listed By: KELLER WILLIAMS ADVANTAGE REALTY · Barrett Spray
• Zip Code: 32754