1022/1024 SE 11th St., Cape Coral, FL 33990

Great investment opportunity with this duplex. One side rents for $1300 and the other for $1200. The $1200 side is on month to month, so that rent can be raised at any time. Gross annual income is $30,000 minus taxes ($4500), insurance ($1500), and with a generous 10% allowance for vacancy collection, and repairs ($3000), you collect a net income each year of $21,000. Or you can give notice to the month to month tenant and live on that side with gross rent of $15,600 from the other side. Each unit has 3 bedrooms, 2 baths and 1 car garage. Each side features vaulted ceilings, tile throughout and a private screened lanai. One unit has just been painted inside and has a new hot water heater and new refrigerator. The other unit was painted throughout in 2019. One AC is 2018 and the other was installed in 2016 This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, and commuter routes. All assessments are paid.