Best Duplex in Riviera Beach. CBS Structure, great bones. Best value and possibility to increase the value and income. Long term tenants (Has occupied the property for approx 20 & 15 years). 1 Kitchen and 1 bathroom has been updated last year. Separate meters for water and electricity. You save on taxes, insurance and lawn maintenance, there is almost no lawn to maintain and tenant in 2nd Unit maintains the lawn himself. Market rent about 1200 pr month so you can increase your CAP rate from todays 8.5% to 12%. You will collect the rent from day 1 after closing which saves you thousands of dollars, you don't need to spend time renovating and finding good tenants. Also you will be able to increase the rent to existing tenants immediately since they are on month to month lease or renovate.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
