Dr. Martin Luther King Jr Ave, Wildwood FL 34785

Here is a strong value-add opportunity for any multifamily investor. Located close to a variety of shopping and dining options, these 7 units just off the Florida Turnpike in Wildwood, need minor updates to maximize cash flow.

There are (6) 1/1 units currently renting well below market value at $400 per month and (1) 2/1 unit that rents for $500.

The properties have been fairly well maintained and the exteriors just need pressure washing and paint. The roofs appear to be serviceable. The two vacant units will need some attention to be made rent ready. All units are separately metered for both electric and water, and they are all on central a/c. Don’t wait on this fantastic multifamily opportunity.

Wildwood, No HOA

Est. Rehab: $11,250

Est. ARV: $350,000

Est. Monthly Rent: $2,900