1704 Birchwood Cir. #1-2, Leesburg, FL 34748

1704 Birchwood Cir. #1-2, Leesburg, FL 34748
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$150,000
Sold on 12/09/21
Beds Baths Sq. Ft. Taxes Built
0.00 1,540 $1,445.14 1984
On the market: 86 days
View full details, 15 photos, school info, and price history
Multi-family duplex fully rented on yearly leases. Total income is $1,575 Monthly $18,900 yearly. Expenses are Insurance $1,262 per year and Taxes-1,445. Income $18,900 minus expenses equals $16,193 NOI. The property is well-maintained by a professional management company that can be retained if needed. Showing with a signed contract and pre-approval or proof of funds. Tenants pay electric, water ad trash. Lease end dates: 03/30/21-02/28/22 03/01/21-02/28/22 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.
Listing courtesy of Alex P Williams, Sr, DALTON WADE INC