1923 Calvert St North Charleston, SC 29405

Listing details for 1923 Calvert St, North Charleston, SC 29405 : Here is a chance for an investor to create a strong cash flow with a high cash on cash return. This property consists of a main house that is a 1914 sq foot duplex, a small cottage, and an older mobile home. All units are rented unit A $450, unit B $575, cottage $400 and the mobile home for $325. Owner pays about $30 per month for a security light, and taxes ran $865 last year. Each unit has its own water and electric meters, and tenants pay those. Seller does not carry hazard insurance and his liability is under an umbrella policy he holds for multiple properties. The duplex was recently fixed up to rent and he says he spends less than $50 per month on repairs. Cottage tenant has been there 10 years and mobilehome tenant about 5. Run your own numbers but this will make money in everyscenario. Tenants are quiet and are very low maint. What you see if what you get. Nothing fancy but this is the ugly duckling that laid the golden egg. Seller will even offer financing with 25% down. Please do not approach tenants or let them know property is for sale.