About 147-- 149 E 105th Street
Ocean Development new construction duplex built in 2014. Each unit includes over 1,600 sq ft of living space with 5 bedrooms and 3 baths. One unit leased at $3,850 per month, and the second unit is leased at $3,925 per month. This duplex is thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in each unit conveniently on the second level. Property includes a 3 car garage. We feel this is the best investment property opportunity in the area combining year built, quality of construction, location, superior features, and attractive rental income. Actual gross rental annual income: $93,300. Estimated Net annual rental income: $57,000. Estimated Cap Rate: 5.4%. Estimated 11.25 GRM.
