High-Yield Duplex in Growing Florida Market – 10% Cap Rate
Turnkey multifamily asset delivering $5,000/month gross rent with long-term tenants in place. This new construction duplex features concrete block interior and exterior walls, metal roof, solid core doors, and decorative concrete floors, offering ultra-low maintenance and long-term durability.
Financial Highlights:• Cap Rate: 10%• NOI: $52,664• Gross Rent: $59,664/year• Expenses: $7,000/year (Taxes: $5,000, Insurance: $1,999)
Tenant Profile:• Leased to reliable, income-qualified tenants• Section 8 for guaranteed rent stability
Market Highlights:• Located in an emerging corridor of Fort Pierce with strong rental demand• Opportunity Zone for long-term tax benefits• 3%+ annual rent growth projected
Financing Options:• DSCR, Conventional, or FHA financing available• Still cash flows strong even at 7%+ interest rates
Bonus: Professional property management available at just 8%, making this an ideal hands-off investment.
Perfect for cash flow investors, 1031 exchange buyers, or out-of-state landlords seeking passive income.