Author: alexquezada

Central Florida Real Estate Investor Born and Raised in Orlando, FL Specialize in: Saving People from Foreclosure Real Estate Wholesaler Short Sale Genius Your Loan Mod Man Remodeling Properties

4 Duplexes – Lancaster Rd, Orlando 32809

Lancaster Duplexes

Beds: 16    Bath: 8    SqFt: 5,200

Take Over Cap Rate: 7.1%  ProForma Cap Rate: 9.7%

Current Gross Rent: $5,660  Market Rent: $7,200

Repairs: Light – Cosmetic   ARV: $855k

$660,000+cc Assignable

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Off Market Multifamily in Hot Orlando Zip Code 32809. This property has 4 block duplexes that sit on .42 acres, each unit is a 2 bedroom 1 bath with 650 sqft all built from 1963 to 1968. Property has a lot of long term tenants who are on month to month paying  below market rent, rents vary between $700-$715 per month. Roofs replaced in 2004, Newer AC units. Buyer has opportunity to make some interior cosmetic upgrades and push the rents to $900/mo. The 2/1 condos in Las Palmas at Sand Lake Rent for $920-$950. Owner pays for water and trash each is $200/mo. Owner also has value add opportunity to bill back water and increase the NOI. City Water & City Sewer. Taxes $6,053 a year and Insurance approx $3000/yr.  This will be the best addition to your portfolio for 2019. Buy at a 7 CAP, hold for 1 year and 1 day and Sell or Refinance at a 7.5 CAP for $855k. Don’t Miss Out, Act Now. Call Me Now To Purchase.

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Lancaster Profroma $900:mo

Lynne Dr, Merritt Island, FL 32952

Beds: 2    Bath: 2    SqFt: 1,000

ARV: $150k-$160k    Repairs: $30k

Rent: $1200/mo

$84,900+cc

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Calling all Brevard Investors! Come check out this off market deal that offers 2 bedrooms and 2 bathrooms along with a thousand square feet of living space and a 1 car garage. The home is going to need updating throughout. The roof is around 25 years old and the electrical was updated 20 years ago. Also the A/C does not work. One of the bathrooms has a new sink, cabinet and shower. This property would be good for either a flipper or someone looking to hold long term. Market rent for this area is around $1200/mo! Call us asap to purchase!

Vine Ave, Clearwater FL 33755

Beds: 24    Bath: 12    SqFt: 6,912

ARV: $1.2mil.   Repairs: Light

$1,095.000+cc Assignable

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This multi-family investment property is a turn-key complex featuring 6 concrete block buildings with a total of 12 units in a residential neighborhood nestled between Downtown Clearwater and Dunedin. Located just two blocks from the popular Pinellas Trail, and only a short ferry commute to Clearwater’s world-class beaches, this immaculately maintained property has a solid return at approximately 8.2 % APY and is ready for a new owner who is looking for immediate financial returns as well as long term appreciation. Each of the 6 duplex buildings measures 1,152 square feet and feature clean units with 2 bedrooms and 1 bathroom. Each of the 12 living units are separately metered for electric and water consumption, adding to the overall ease of management.

N. Chester St, Leesburg FL 34748

Beds: 15    Bath: 5    SqFt: 3,144

Repairs: $10k

$250,000+cc Assignable

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Are you looking for a multifamily property to plant your money into for a nice return? Take a look at these turn key, rented, 5 600sqft 2 bedroom 1 bath units. The property sits on an 3rd of an Acre. Utilities: City water and sewage and are all paid by the tenants. The only real rehab needed is to put a new roof on triplex. The roof on duplex is in good shape. Both buildings have fresh paint on the outside. Unit E has been mildly rehabbed. One unit is vacant and 2 are paying under market. At full potential, you are looking at a raw ROI of 13.5% or so. Rents break out as follows:

Triplex:
Unit 1a- $500 month to month – been there 20 years Unit 2b- $500 month to month – been there 20 years Unit 3c- $650 signed 12 month lease.

Duplex:
Unit 4d- $650 just renewed lease Unit 5e- Vacant

Seminole Dr, Indian Harbour Beach 32937

Front Pic

Beds: 3    Bath: 2    SqFt: 2,282

ARV: $365k-$375k    Repairs: $60k-$65k

$230,000+cc Assignable

Rehab Opportunity in Indian Harbor Beach – Cheapest Beachside Home in 4 miles. Come quick and check out this 3 bedroom 2 bath block home that offer a 2282 sqft of living space with a 2 car garage and is only .7 miles away from the Atlantic Ocean. This home will need a full updating throughout, I would include the roof as it is 14 years old. This would be one of the larger homes in the neighborhood so you should be able to demand a higher resale value than the much smaller homes with pools. Call Me Now To Purchase.

Comps:

  • 131 Anona Pl 4/2.5 1929 SqFt Built 1962 SOLD $420k POOL
  • 770 Verbenia Dr 4/2 1970 SqFt Built 1978 SOLD $389,900 NO POOL
  • 230 Yuma Dr 3/2 1705 SqFt Built 1964 SOLD $360k NO POOL
  • 1109 Seminole Dr 4/2 1880 SqFt Built 1963 SOLD $355,900 POOL

PENDING-N. 9th St., Tampa FL 33605

Beds: 3    Bath: 2    SqFt: 842

ARV: $125k   Repairs: $10k – $12k

$79,900+cc Assignable

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Great investment opportunity to pick up 2 single family homes located in Tampa. This property includes a 610 square foot home with 2 bedrooms and 1 bathroom. The second home towards the back of the property consists of a 232 square foot 1 bedroom studio with 1 bathroom. Both homes are noted in public records. The 2 bedroom unit has been updated and can be rented for $850 a month. The 1 bedroom unit will need a minimal rehab to make it rental ready, and once updated, it should rent for $400 a month. This property is ready for a new owner.

Pending-Rock Pit Rd, Titusville, FL 32796

Beds: 2    Bath: 1    SqFt: 768

ARV: $69.9k    Repairs: $4k-$5k    

Rents: $750-850/mo

$37,000+cc Assignable

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Off Market Titusville Investment Opportunity! Be the first to check out this 2 bedroom townhouse in Titusville that would make a great rental worth equity for your portfolio. This property needs some TLC which includes kitchen cabinets, bathroom upgrade, paint, and new bedroom flooring. There is no HOA for this townhouse and the market rents for this neighborhood are between $750-$850 a month! Call us now to purchase!