Uncategorized

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

For additional photos Click Here

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.

Screen Shot 2019-02-08 at 8.25.19 PM

Lancaster Profroma $900:mo

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-S. Bumby Ave, Orlando, FL 32806

Beds: 4   Bath: 2   SqFt: 1068

ARV: $360k+   Repairs: $Moderte/Heavy

$269,000+cc

For additional photos Click Here

This is a great rental investment opportunity near Downtown Orlando. The property consists of two separately parceled homes on a half acre lot with an additional small efficiency on one parcel. Both homes need some repairs and updating to be rent ready. We recommend updating these houses and renting them out to maximize your return. The other option is to knock them down and build new homes or possibly split the lots into separate parcels and build town homes. There is always a lot of activity in this area so be sure not to miss out. Includes address: 2410 HAWTHORNE ST, ORLANDO, FL 32806.

PENDING – Holland Rd, Ormond Beach, FL 32156

Beds: 3   Bath: 1   SqFt: 1063

ARV: $205k+   Repairs: $20k-$25k

$125,000+cc

For additional photos Click Here

Location, location, location. Great opportunity in Ormond Beach super close to the water! House is a 3/1 that is currently rented for $1,095/mo. House has a lot of small things that need to be fixed, but all in all, is very clean.

PENDING-Keats Ave, Orlando, FL 32809

unnamed

Beds: 3    Bath: 1    SqFt: 1449

ARV: $215k+   Repairs: $25k-$30k    Rent: $1300/mo

$140,000+cc Assignable 

For additional photos Click Here

Off Market Orlando Rehab Opportunity!! Come Quick & Take Action, Must Be Able to Close Fast. This 3 bedroom 1 bath block home offers 1,449 sqft of living space with upgraded electrical and new cabinets and granite. Finish off the renovations with new flooring, updating the 1 bathroom, paint in and out, landscaping, and I would put a new roof and new AC to get top dollar and sell quickly.

Comps:

  • 1402 Ibsen Ave – 3/1, 1250 sqft – SOLD for $209,900 – Renovated
  • 1105 Jordan Ave– 3/1, 1190 sqft – SOLD for $175k – Dated – Needs Work
  • 712 Ibsen Ave – 3/1, 1058 sqft – SOLD for $175k – Dated – Clean

PENDING-Fairfield Circle NE, Palm Bay, FL 32905

Beds: 3    Baths: 2    SqFt: 1593

ARV: $185k    Repairs: $30k

$109,900+cc 

For additional photos Click Here

Off Market Palm Bay Rehab Opportunity. Come quick and check out this 3 bedroom 2 bath block home that was built in 1977 and sits on a .37 acre lot. This home has 1593 sqft of living space and comes with a new roofer and newer AC. The property will need upgrading throughout to sell at an ARV of $185k. Don’t Miss On Another Hot Deal. Call Me Now To Purchase.

PENDING – E. Howry Ave, Deland, FL 32724

IMG_5875

Beds: 2    Baths: 1   SqFt: 935

ARV: $125k    Repairs: $8k-$25k   Rent: $925-$1000/mo

$59,900+cc 

For additional photos Click Here

Cheapest Block Home within 10 Miles. Come quick and check out this 2 bedroom 1 bath block home that was built in 1957 and sits on over a 1/2 acre double lot. This property offers 935 sqft of living space, with 2 large bedrooms, a 10 year old Metal Roof, inside utility room, and a 1 car stall carport . To get this home rent ready you would need only new wall unit A/C, paint, appliances, new water heater, tub reglazed, new toilet, remove heater and a good cleanup. To Rehab and Resell at an ARV of $125k or more add Central AC, refinish the wood floors, upgrade the bathroom, kitchen and paint throughout. Act Fast. Don’t miss out on another great deal.  Call Me Now To Buy.

Comps:

  • 628 E Church St  2/1. 900 sqft. Built 1960 .22 acres Pending $124,900 DOM 32
  • 411 N Hill Ave  2/1. 920 sqft. Built 1977 .32 acres SOLD $116k NOT Renovated DOM 1
  • 314 N Blue Lake Ave 2/1. 950 sqft. Built 1962 .22 acres SOLD $95k NOT Renovated DOM 6
  • 715 W Hogle Ave 2/1. 904 sqft. Built 1959 .17 acres SOLD $132,500 Renovated (2.7 miles away)