Courtesy: KELLER WILLIAMS ADVANTAGE REALTY
407-977-7600
Rare investment opportunity in Mims. This side-by-side duplex has been continuously rented for 30 years, an exceptional track record of tenant demand and cash flow stability. Both units offer a 2-bedroom, 1-bathroom layout across approximately 1,500 square feet combined. Both are under year-long leases generating $2,200 in combined monthly rent, or approximately $21,400 in net annual income, an 8.5% cap rate. Listed at $250,000. Roof replaced in 2013. AC system replaced in 2017. A turnkey opportunity for an investor seeking proven cash flow with minimal vacancy risk.
Mims is located in Florida. Mims, Florida has a population of 7,702. Mims is less family-centric than the surrounding county with 17.24% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Mims, Florida is $51,425. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Mims is 54.4 years.
The average high temperature in July is 91 degrees, with an average low temperature in January of 49.4 degrees. The average rainfall is approximately 53 inches per year, with 0 inches of snow per year.
