Property description of Duplex - Rain-bow Gardens

Solid cbs duplex featuring two 2br/1ba units, each approx. 840 sq ft, with two assigned parking spaces per unit and separate electric and water meters. Fully leased with tenants in place, including, providing stable income. Unit #1 rents for $1,874/mo, lease through 7/31/26, and unit #2 rents for $1,817/mo, lease through 12/31/26, totaling $3,691/mo, $44,292 annually. Well maintained with updated windows, newer central a/c systems 2024 and 2025, and a brand-new roof being installed. Ideal for investors seeking immediate cash flow. Cash or conventional only—no fha. Strong escrow deposit, 5-day inspection. If financed: 20-day loan approval and appraisal within 14 days. Not assignable; any assignment only to buyer's wholly owned entity, 100% ownership, buyer remains liable. The current homeowner's insurance policy through citizens insurance is approximately $12,000 per year due to the older roof, and the new roof is expected to reduce the insurance premium by an estimated $4,000-$5,000 annually once completed and permitted. Operating expenses are relatively low, with lawn maintenance averaging approximately $1,000 per year. With strong rental income, stable tenants, and a major capital improvement underway, this property presents a turnkey income-producing duplex with solid cash flow.

Property Features