"Entrepreneurs are simply those"

"who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage." Niccolo Machiavelli

The picture above is of a sixplex.  This property has been updated and is listed for $319,900.  The property has a annual net income of $32,566 with a detached laundry building.  That would give you a cap rate of around 11 1/2%.

Walker Bagwell Properties has been fortunate to have sold 12 income producing properties in the last 12 months.

One of the most popular types of income properties are duplexes.  This is because of certain reasons.  One of course is the price, they are usually less expensive, less operating costs and a big incentive lately has been retiring folks are moving into one side and using the other for income. 

As of this writing there are only 11 duplexes on the market on the beachside.  These are priced from $159,900 to $599,900.  Now of course there are many more on the mainland and are less expensive.

Jim Bagwell
321-213-0615