Live in one unit and have your tenants pay the mortgage or keep as an investment opportunity. Currently at a 7 CAP rate. rents have not been increased in five years. Two of the three tenants are on month to month and current lease to expire soon. Property close to railroad, shopping and beaches as well. A little of upgrading can provide a large return. currently, all utilities paid by tenants. Owner can deliver this home vacant at closing. Owner pays water and sewer $600/ Qtrtwo 2 bedroom apts.one 3 bedroom
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