Description

Franklin Duplex. A unit: 3 bedrooms, 2.5 baths on one side. B unit: 2 bedrooms 1 bath on other side. A unit rented for $2500 per month, 12 month lease, B side is for $900 per month to a family friend, market rate is $2000.00. B side is month to month and could be occupied by an owner occupant. Large deck and large backyard. A unit has been updated. B unit requires 90 days notice to vacate. Annual 2023 Taxes $4,110.10. Insurance $1500+-, $1200 +- maintenance. Current cap rate is 4.5%, but with unit B rented at market rates, 6%+-.

Details

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