Duplex Community Cherry Drive
Multifamily | 10 Units | 8% cap rate
Marketing description
5 INCOME DUPLEX with 10 TOTAL UNITS, almost 2 ACRES OF LAND, in the GREAT COMMUNITY of FOREST PINE ESTATES! This profitable rental property is fully leased. All units have a Range, Refrigerator, and Microwave along with central air conditioning. Tenants are responsible for electricity, general maintenance, and water. Three of the five duplexes were built in 2015. Even more, the two duplexes built in 1985 have newer METAL ROOFS plus the vacant land behind the 2 duplexes is cleared and is perfectly buildable land. Both properties are in excellent condition with city water, but NO CITY TAXES. The property is close to great schools, and near town with the best shopping and entertainment that Arcadia has to offer. A full breakdown of property tax, insurance, and income is attached to the listing! This is a PHENOMENAL INVESTMENT OPPORTUNITY! Schedule your showing today!
Investment highlights
Please see the attached documents outlining current tax bills, insurance, and income rates. PROPERTIES BEING SOLD are 1956 Cherry Drive AS WELL AS 1587 SE Airport Road. These properties are side by side as seen in the pictures. They are being sold together. The owner will not sell one without the other. All units are occupied, we will need a 24-hour notice of showing. You will be granted access to one unit from the 1985 build as well as one unit from the 2015 build. The display of MLS data is deemed reliable but is not guaranteed. Buyers and their agents should verify all information or retain appropriate professionals.
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