Active

$435,000

Features:
  • 5 Bedrooms
  • 2 Bathrooms
  • 1718 sq ft
Overview
  • ID: MFRTB8499836
  • Bedrooms: 5
  • Bathrooms: 2
  • Size: 1718 sq ft
Property Details
Remarks
Duplex in excellent condition. Tenants have been there for over 10 years. Tenant in #B says she has been there 28 years. Tenants are on a yearly lease with an early termination clause that requires 30 days written notice and a $300 relocation payment, plus additional details. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203 - Tenants mow the lawn. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year.
Financial Considerations
Price:
$435,000
HOA Fee:
N/A
Tax Amount:
$5696.16
Price per SqFt:
$253.2
Tax Legal Description:
LAKE PALMS SEC 4 LOT 24
Exterior Features
Lot Size:
13822
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
2
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Range, Range Hood, Refrigerator
Furnished:
No
Floor:
Ceramic Tile, Laminate
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1973
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Entrance, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    118 LAKE AVE SE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

img
  • Featured
  • Active
Duplex

292 S 3RD ST #A and B

  • 5
  • 3
  • 179 m²
avt
Daniel Dourado
$ 429,900
img
  • Featured
  • Active
Duplex

174-176 S LEMON AVE

  • 4
  • 4
  • 228 m²
avt
Daniel Dourado
$ 554,900
img
  • Featured
  • Active
Duplex

192-194 S LEMON AVE

  • 0
  • 0
  • 228 m²
avt
Daniel Dourado
$ 554,900
avt
Daniel Dourado
$ 445,000
img
  • Featured
  • Active
Duplex

515-525 W CUMMINGS ST

  • 2
  • 2
  • 98 m²
avt
Daniel Dourado
$ 225,000
img
  • Featured
  • Active
Duplex

3664 MERIDEN AVE

  • 4
  • 4
  • 180 m²
avt
Daniel Dourado
$ 399,900
img
  • Featured
  • Active
Duplex

643 HUMMINGBIRD LN

  • 4
  • 4
  • 187 m²
avt
Daniel Dourado
$ 445,000
img
  • Featured
  • Active
Duplex

1306 NW 8TH ST #1 & 2

  • 4
  • 4
  • 206 m²
avt
Daniel Dourado
$ 459,000
avt
Daniel Dourado
$ 330,000
avt
Daniel Dourado
$ 919,000
img
  • Featured
  • Active
Duplex

2801 W CLEVELAND ST

  • 2
  • 2
  • 93 m²
avt
Daniel Dourado
$ 425,000
img
  • Featured
  • Active
Duplex

989 & 991 S FISKE BLVD

  • 2
  • 2
  • 84 m²
avt
Daniel Dourado
$ 214,000