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:
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.
Unit 4d- $650 just renewed lease Unit 5e- Vacant
39% of the ARV on this Off Market Leesburg Rehab! This property is listed as a 2/1 but is really a 4/2 block home built in 1959 and ready for a total make over. The roof and the a/c are new and done already for you and are in excellent condition. However, the inside of the property will need to be gutted and redesigned. The property offers over 1200 sqft and a full rehab is estimated at $40k in repairs. This is a homerun deal, so you know it will not last long! The property is vacant and the showing will be by appointment. Take a look at the pictures and video walk through we provided & make sure your the first one to call!
2002 Hollywood Dr – 3/1.5, 1226 sqft – Built 1956 – Sold $129.9k
1319 Braebury Dr – 3/1.5, 958 sqft – Built 1961 – Sold $125k
1518 Woodyn Dr – 3/2, 1240 sqft – Built 1960 – Sold $125k
1607 Stafford Rd – 3/1.5, 1122 sqft – Built 1971 – Sold $125k
This duplex is walking distance to Publix and other shops and consists of a 2/1 and a 1/1. Each unit is metered separately but water is paid together. Currently, the tenants are paying $45o and $350, for a total of $800/mo. Both of these are below market value. Once you are able to put some upgrades in, you should easily be able to get $600 and $450, respectively. The next cheapest active within a half mile is $130,000 and there are no multi family properties active, pending or sold within that same proximity.
HUGE LEESBURG FLIP! Look at the profit potential with this 4 bedroom, 3.5 bathroom pool home with 4,361 square feet of living space. The home is located in the beautiful Morningview Subdivision of Leesburg and will need a full rehab to bring it to its market potential. If you are looking for that big flip to get 2017 kicked off take a look at this one! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Super Cheap Fixer Upper! Leesburg cash-flow for under 30k! This could even be a nice low end flip. Previous tenants left the house in bad shape but its nothing a solid cosmetic rehab can’t take care of to get rental ready. It needs paint, carpet, kitchen and bath. At this price and with the rental rates and comps for the area, an investor would be looking at between a 15% – 20% ROI or a 75%-80% ARLTV! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Beautiful established neighborhood in Leesburg. This house is big and has a 3 car garage. Large back deck with pool and overlooking a pond. Rehab is update the kitchen and bathrooms, flooring, paint inside and out and redo the deck out back. The roof looks good. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net