Opportunity for owner/investor. A portfolio of 10 properties with 13 doors, currently producing stable, gross rental income of 11% and a net cash yield of >8.7%. Expanding rental market for single family homes. SunRail commuter community of Orlando. Less than one hour drive to Orlando International Airport. Orlando and Daytona Beach are premier tourist destinations. DeLand averages 4% population growth / year (Florida 3rd in nation). Most of the properties are walkable to downtown DeLand and are 'Back Door' proximity to Stetson University... perfect for student housing. Stetson University predicting 25% Growth in 2013. County Admin buildings are steps away from many of these homes!!(Captive audience of future tenants!!) Debt free properties with rental / lease agreements in place. Stable tenants with good payment track records. Excellent potential for Owner/Manager. Turnkey property management for absent investor (if desired). Confidential Listing. Please do not discuss with any of the tenants. No for sale signs. Extensive updates on all properites over the last 2 years!!
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