ARV: $130k-$140k Repairs: $10k (Rent) or $30k (Flip)
Solid home that can be a great rental with very little or turn this into your next flip. Home has 3 nice size bedrooms and a nice size kitchen area with a enclosed garage. Very clean inside, will need mostly cosmetics, kitchen and bath are in good shape, could be updated a bit for a rehab. Terrazzo floors are all through out home and in good shape, windows are original but intact. Home does not have central a/c but could be easily added. Electrical looks good, might need new panel, plumbing in good shape and roof is older but no leaks whats so ever. Outside home is in good shape, will need some new paint to add to curb appeal and some light landscaping to make it pop. Nice size lot and backyard, great for buyers with kids. Nice neighborhood, quiet street and area is very central, schools, shopping and downtown Leesburg less than a mile away.
1111 Lee St 2/1 built 1953, 784 Sq-ft, totally renovated, sold 10/17 for $115,500
1008 Perkins St 2/1 built 1960, 800 sq-ft, totally renovated, sold 12/17 for $125,000
1206 Mizell Rd 3/1 built 1957, 1,014 sq-ft , totally renovated, (same home as subject property), pending at $139,900
Duplexes are $109,900 each or can be bought as a package: 6 Fully rented duplexes in Leesburg. Duplexes can be bought as a package or sold separately. With the current rental income the package ROI is 13%+. Showing is by appointment only so it may take some time to coordinate with 12 different tenants so please do your due diligence prior to scheduling a showing.
Birchwood Cir., Leesburg #1 – rent split: 650/675
Birchwood Cir, Leesburg #2 – rent split: 650/675
Birchwood Cir, Leesburg #3 – rent split: 650/700 – Unit 2 is month to month
Birchwood Cir, Leesburg #4 – rent split: 650/675 – Unit 2 is month to month
Birchwood Ct, Leesburg #5 – rent split: 525/600 – $525 Renter is month to month
Birchwood Ct, Leesburg #6 – rent split 575/750 – The $750 renter, utilities are included. The bill is usually around $250, so the net is around $500 for the second renter.
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