Updated: Duplex for sale. This property has two separate apartments. The slightly smaller one is rented to an Army vet who receives a subsidized income. He pays $1100 monthly and is pretty handy to have on site. The larger of the two apartments rents for $1400 monthly. The property has a large garage which can produce more income... but I am using it as personal storage currently. The property has a coin operated laundry room which generates about $40-$80 monthly. The building itself began as a modular home. The previous owner enclosed the whole building and put a strong "House Style" roof over it. The lot is about 6250 sqft.
**LoopNet describes it as a "mobile home park." IT IS NOT
P&L summary (approximate):
Apartment #1 monthly income $1100
Apartment#2 monthly income $1400
Laundry monthly income. $65
Total Gross monthly Income: $2,565
Average Electric monthly cost: $222
Average water/sewer monthly cost: $64
Average WiFi monthly cost: $78
Average natural gas monthly cost: $37
Property tax broken down monthly: $100 (Annual property taxes are $1200)
Total monthly cost: $501
Net monthly income: $2,064
Net annual income: $24,768
I will not owner finance. Serious buyers only. I have had a lot of dreamers contact me... I will ignore your inquiry if I do not believe you are serious. Thank you