This fully rented duplex offers a great investment opportunity. Each side rents for $1200 per month. With gross income of $28,800 minus taxes ($3840), minus insurance ($1254) and allowing a generous 10% for vacancy collection and repairs ($2880), you still collect $20,826 in net income each year. At list price, that's an almost 7% return in your first year. Both units have similar floor plans with 3 bedrooms, 2 full baths and 1 car garage. They feature vaulted ceilings, tile throughout and a private screened lanai. A new central AC unit was installed in one unit in 2018 and the other in 2016. This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, city hall, and commuter routes. All assessments are paid. This is one you'll want to check out.
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