Description
Great opportunity to add 6 condo units to your investment portfolio. The Woodlands Condominium is located in a great location off 9 Mile Rd. Conveniently located near UWF, shopping, and medical facilities. All units offer 2 bedrooms, 2 baths, 1st floor patio, 2nd floor balcony, W/D hookups, and fireplace. There are 4 units located on the 2nd floor, and 2 units located on the 1st floor. New roofs were installed in January, 2021 on all 5 buildings. The yearly association fee is $1,800 per unit. The lease terms are as follows (unit - monthly rent - lease exp.): C102 - $850 - 10/31/2022, C103 - $850 - 03/31/2023, C203 - $950 - 12/31/2022 - E202 - $995 - 10/31/2022, E203 - $925 - 01/31/2023, E204 - $925 - 01/31/2023 Annual Rental Income: $65,940 Expenses: $19,200 NOI: $46,740
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2BEDS
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2.68ACRES
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2BATHS
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01/2 BATHS
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1,026SQFT
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$775$/SQFT
School Information
Description
Great opportunity to add 6 condo units to your investment portfolio. The Woodlands Condominium is located in a great location off 9 Mile Rd. Conveniently located near UWF, shopping, and medical facilities. All units offer 2 bedrooms, 2 baths, 1st floor patio, 2nd floor balcony, W/D hookups, and fireplace. There are 4 units located on the 2nd floor, and 2 units located on the 1st floor. New roofs were installed in January, 2021 on all 5 buildings. The yearly association fee is $1,800 per unit. The lease terms are as follows (unit - monthly rent - lease exp.): C102 - $850 - 10/31/2022, C103 - $850 - 03/31/2023, C203 - $950 - 12/31/2022 - E202 - $995 - 10/31/2022, E203 - $925 - 01/31/2023, E204 - $925 - 01/31/2023 Annual Rental Income: $65,940 Expenses: $19,200 NOI: $46,740
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