Beds: 4 Baths: 4 SqFt: 1992
Repairs: $20k Rents: $2600/mo
Check out this block and fully rented quadplex just blocks away from the Indian River. Property consists of 4 1/1’s that are currently rented out for $450 each. We believe tenants are all month to month, but seller says they have all been there a while and are good tenants. That being said, you should be able to get $600–$650 for each unit once you have made some repairs. The roof is going to need a reshingle, paint in and out, and some updating inside. We were unable to get into each unit for pictures, but we are working on setting up a showing now. If you are interested, please let me know and I will coordinate. Owner is responsible for water and sewer, which runs about $250/month. Tenants are responsible for everything else. If you put $20k to $25k in and maximized your rents at $650 for each unit, you would be looking at a huge return! Taxes are $2,284.
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