SW Florida duplexes for sale.  We were just able to buy these directly from the banks and give our investors an opportunity for true wholesale REO duplexes. 

These duplexes were built by a builder we know very well and is one of the most respected builders in the county.  Duplexes are built 2007 of all concrete, and newer and in great condition inside and out.  Each unit of the duplex consists of 3 bedrooms, 2 bathrooms, and a 1 car garage with over 1,100 square feet of liveable space and over 1,700 sq. ft. total when including the garage, patio, and entry. 

See video of an identical duplex by clicking HERE.  Below are the actual exteriors of the duplexes.  Click to enlarge.  Each duplex is $85,000 or buy in bulk at $80,000 total.  Currently one unit in each duplex is rented at $650.  Market rent is $650 per side.  Taxes are approximately $2,200, Insurance is approximately $800 annually, Property Management approximately $1,200 annually.  After operational expenses, each duplex brings approximately $10,000 in Net Operating Income, a 12.5% Cap Rate.

Popularity: 83% [?]