Take advantage of this great deal in Spring Hill! We are proud to present two duplexes, both built in 2007, on one lot, and with a private screened-in pool. Each unit features 2 bedrooms, 2 bathrooms, and a single-car garage. The duplexes share a corner lot with a gigantic front yard and a spacious backyard, which is surrounded by forest for privacy. The roofs were done in 2021.
All of the units are occupied and are on month-to-month leases. Three of the tenants pay $1,425 per month, and the fourth pays $1,300 per month, because he cuts the grass and helps with maintenance. According to the HUD Fair Market Rental Rates for 2024, the market rent for each of the units should $1,700 per month for a two-bedroom, in the zip code of 34608.
The units are in great condition but if the intent is to fix-n-flip, we do recommend updating the kitchen, bathrooms, and fixtures, as well as fresh paint. The pool also needs to be drained, cleaned, and painted. If the strategy is to buy-n-hold this property, we recommend repairs and updates as needed, and either raising the rent with the existing tenants, or starting fresh with new tenants. Currently, the tenants are all on month-to-month leases. Multi-family properties are very popular and do not last long! For more information, please contact your EquityPro Advisor.