You can increase your income with this duplex, or you can live in one and rent out the other unit. Current rent is below market. It is not in the flood zone, so it does not require flood insurance. As you know Flood Insurance is getting expensive and is eating into your rental income. Property is on well water, and is attractive to tenant because they don't have water or sewer bill. A new drain field was installed in Feb 2024. Unit is freshly painted. Washer/dryer hookup. Both unit are currently rented.
Financial Considerations
Price:
$320,000
HOA Fee:
N/A
Tax Amount:
$1417.57
Price per SqFt:
$237.04
Tax Legal Description:
LAKEWOOD ACRES NO 6 UNREC PLAT PORTION OF TRACT 440 DESC AS COM AT NW COR OF SECTION 6 TH ALG WEST BDY LINE OF SAID SECTION 6 S00DEG49'38"W 1901.03 FT TH S89DEG23'34"E 25.00 FT TH S00DEG49'38"W 2100.00 FT TH S89DEG10'22"E 112.00 FT FOR POB TH S89DEG1 0' 22"E 88.00 FT TH S00DEG49' 38"W 100.00 FT TH N89DEG10' 22"W 88.00 FT TH N00DEG49' 38"E 100.00 FT TO POB OR 7516 PG 634