1531 Theresa Dr #A&B James Island, SC 29412

Listing details for 1531 Theresa Dr #A&B, James Island, SC 29412 : Invest in this quiet, convenient duplex with terrific cash flow and potential cap rate. Located at the foot of the James Island connector, this property brings in $2,600/month in rent ($31,200 annually). Since the owners have owned the property, it has had a great rental history, low turnover in renters and has always been leased to professionals or graduate students. Built in 2000, with lots of storage, Unit A has 2 bedrooms/2.5 bathrooms and is leased through 8//1/2017. Unit B has 3 bedrooms/2.5 bedrooms and is leased month-to-month. 2013 taxes were $3,873 (no owner-occupant reduction has been taken) and 2013 hazard and flood insurances were $2,600 combined. No outside management has been necessary due to low maintenance and low renter turnover. With the maintenance costs of this property being low and the cash flow solid, this property beats the market!