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(5.5% CAP Rate) Two newer construction homes in the Nations with long term renters in place. Buyer will have the option to short term rent (airbnb) one of the units if he wishes as owner occupied. This is an A and B but looks just like traditional single family homes. Both units have an open floor plan, stylish finishes, covered rear decks and an attached two car garage. Unit A has 2.5 years left on the lease and is rented for $4, 000 a month with an $8, 000 deposit. Unit B is rented until the middle of 2024 at $3600 a month with a $3600 deposit. The current tenants were highly vetted. The yard is very low maintenance. This location is in the middle of a booming trendy neighborhood that is walking distance to restaurants/shops. All appliances convey. This purchase is great for a long term investor, 1031 Exchange or cost segregation study to lower your taxes. The homes appraised for $763, 000 each in March 2023. Market rents have increased since leasing these units to $4200-4400 per comps
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Listing updated with changes from the MLS
a week ago
Listing first seen online
Attached - Front
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Moses McKissack Middle
Pearl Cohn Magnet High School
Listing courtesy of Bradford Real Estate
Listings courtesy of Realtracs as distributed by MLS GRID
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