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Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.24 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,515
Year Built: 1960
General Information
Bedrooms: 4
Sqft: 1,500
County: Brevard
Subdivision: PURYEAR WARD MIMS
Listed By:
Barrett Spray
KELLER WILLIAMS ADVANTAGE REALTY
407-977-7600
MLS ID: O6443480
Amenities
Eat-in Kitchen
Fence
Property Features
Annual Net Income: 21400.00
Appliances: Dryer, Range, Refrigerator, Washer
Days on Site: 4
Directions: 46 EDrive to Myrtle Ave2 min (0.4 mi)Continue onto E Main StTurn right onto Myrtle AveDestination will be on the righ
Exterior: Block
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.24
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Septic Needed
Showing Instructions: Appointment Only, Call Listing Agent 2,No Lockbox
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RU19
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2410 Myrtle Avenue , Mims, FL 32754.
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Estimated Payment
$ 1,125.71 per month $843.21 Principal & Interest $209.58 Property Tax $72.92 Homeowner's InsuranceChange Payment Information
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