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listing
1 of 14
Residential IncomePending
$189,000
1021 Birchwood Court 1-2
Leesburg, FL 34748
Courtesy of Dalton Wade Inc
MLS: Stellar MLS
1,932Sq Ft
Est. Mortgage
$1,076/mo

Duplex fully rented with two-two bedrooms/one bathroom units. Total income $yearly is $18,300 or $1,525 monthly. Expenses are tax -$1,952, Insurance $1272 plus lawn care $1200 yearly equals total expenses of $4,423 or $368 per month. Total income $18,300 minus total expenses $4,423 - $13,877 NOI. The property is well-maintained by a professional management company that can be retained if needed. Tenants pay electric/Water/Trash and it stays 100% occupied. There are NO tenants getting government assistance on rent and there are NO tenants behind on rent. Showing with approved contract and loan pre-approval or proof of funds if cash. Lease end dates are: Unit 1 - Month to month Unit 2 - 06/05/21-06/04/22 If you have a hard time understanding why there are no showings consider this. A property manager must notify the tenants 24-48 hours on advance. In order to do this most PR's send a letter, text, call the tenant and place a letter on the door notifying them. Picture 20 different buyers walking through your living room in the next 7 days - and with Covid back, can you imagine the possible spreading of that and the legal ramifications if a tenant did contract Covid afterward. These are just a few of the reasons why there are no showings. Write a contract and inspect during DD.

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Listing provided by Dalton Wade Inc
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