55 W Fray St., Englewood, FL 34223

Not a short sale or REO* 8 UNITS TOTAL. BEING SOLD TOGETHER WITH 45 W FRAY ST. 4 DUPLEX BUILDINGS. Also being sold with 45 W Fray St 0503080036, 45 W Fray St(2) 0503080037 Turn Key opportunity - 7 of 8 occupied. One turn key unit vacant for showing. Professionally managed. Single story garden-style apartment complex. Property consists of (8) 1/1 units split between four duplex buildings each with dedicated electric and water meters. Each unit has its own covered carport parking. Occupancy status: (4) occupied at $550 (3) occupied at $650 (1) unit. Breakdown at 100% OCCUPANCY at market rent of $650. Rents IN: $62400 (yr) Expense OUT: Tax: 6098, Insurance: 3400 (no flood), Management: 6240 (10%-Optional) Vacancy/Repair: 3120(5%) NET: $43,542(yr) *Property Occupied*