Tuesday, March 26, 2013

"Each problem has hidden in it"

"an opportunity so powerful that it literally dwarfs the problem.  The greatest success stories were created by people who recognized a problem and turned it into an opportunity."  Joseph Sugarman 

The pictures are of 2 income producing properties we have on the market in Cape Canaveral.  The top one is of a 6-plex and the bottom is of a quadplex.

The 6-plex is listed at $287,000 and consists of 2 buildings each containing a tri-plex.  All the units are 1 bedroom 1 bath and all rented from between $500 and $550.  One unit has been updated with new cabinets and granite countertops.  4 of the 6 gas water heaters have been replaced.  The roofs are between 3 and 5 years old.

The quad-plex is listed at $199,000 and consists of 2 buildings which contain two 1 bedroom 1 bath units and two 2 bedroom 1 bath units.  They are all rented and range from $500 to $700 monthly.

Could be a good property for retirement and collect monthly rents.

Jim Bagwell