Active

$440,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 1566 sq ft
Overview
  • ID: MFRA4660407
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 1566 sq ft
Property Details
Remarks
Investor Opportunity – Turnkey Duplex in Venice Gardens | 8.9% Cap Rate | Portfolio Deal Available Looking for a smart place to park your money? Skip the stock market and invest in a steady income stream with this fully occupied 2-unit duplex in sought-after Venice Gardens—offering a strong 8.9% cap rate and no rental restrictions. Each side features 2 bedrooms and 1.5 bathrooms, with secure, long-term tenants already in place. Recent upgrades include a new roof, updated flooring, fresh paint, and modern vanities and fixtures—making this a low-maintenance addition to your portfolio. The property generates $40,800 in annual gross income with minimal expenses of just $1,620, delivering a net operating income of $39,180. Utilities are individually metered for tenant accountability, and best of all, the property is not located in a flood zone. Block construction, public utilities, and a central location near beaches, shopping, and schools make this a dependable and desirable investment. Whether you're expanding your portfolio or planning to live in one side and rent the other, this duplex delivers reliable returns and long-term value. Currently, four of these duplexes on Briarwood Rd are available and can be packaged together as a portfolio deal—ideal for investors looking to scale fast. Opportunities like this don’t hit the market often—act now!
Financial Considerations
Price:
$440,000
HOA Fee:
N/A
Tax Amount:
$3894.87
Price per SqFt:
$280.97
Tax Legal Description:
LOT 1301 VENICE GARDENS UNIT 24
Exterior Features
Lot Size:
8360
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Central
Cooling:
Central Air
Appliances:
Range, Refrigerator
Furnished:
No
Floor:
Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1972
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Private Mailbox
Additional Features 2:
No Rental Restrictions in this area.
Map
  • Address
    460 BRIARWOOD RD
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