1108 Oakshade Ave, Kannapolis, NC 28083

Great Duplex with 2BR/1.5BA each side. Built in 1997. Approx. 1950 sq. ft. total Separate Concrete Driveways and separately metered. Nice large flat lot with fenced back yard and storage building for tenants. Crawl space brick veneer foundation, remaining exterior full vinyl. This property has been well taken care of. Will need interior carpet and paint if and when current tenants move out. Financials: Sales Price: $108,750 Gross Rent: $1250 total/month Estimated Taxes: $1900/year Estimated Insurance: $850/year Current Lawn Care: $50/month So estimated annual cash on cash return of around 11% minus property management fees, vacancy, and/or repairs. All appliances included, including washer and dryer. Long term tenants in place: One tenant 6 years($600/month) and other 3 years($650/month), with no intentions of moving, so instant cash flow as soon as you buy! Tenants are currently on verbal month to month. It's hard to find a nice cash flow multi-family property, but this one certainly is. If you happen to go by there please do not disturb tenants.