Super Super Deal, Just $390,000 for this Beautiful 2 units DUPLEX BUILDING, in one the most desirable destination of Hallandale Beach, Incredible Deal, this Building is 1,233 sf and the Land is 4,040 sf. Great Deal.
Income: Apt. No.1 (1 Bed/1 Bat + Den) paid $875.00 per month and Apt. No. 2 (1Bed/1Bath) paid $850.00.
Current Income is= $875.00 + $850.00 = $1,725.00 X 12 months = $20,700.00
TOTAL INCOME= $20,700.00/year
Expenses:
Property Taxes 2020 = $3,436.73/year
Insurance = $2,700.00 /year
Landscaping = $1,440.00 /year
Total Expenses= $7,576.73
NET OPERATING INCOME= $13,123.27
MARKET RENT SHOLD BE: APT. #1(1Bed/1Bath + Den) for $1,400/month and Apt. #2 (1Bed/1Bath) for $1,200.00. Each Apartments have there own electrical meter and water meter.
Tenants are month to month