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Don’t miss this opportunity to buy multiple homes in the same area with a great potential ROI! The package consists of 2 SFR’s and a duplex.- The property on Grove is a 2/1, and is currently rented for $700. The property should be taking in at least $1,000/mo.
- The duplex consist of 1/1’s on both sides and both have already been completely rehabbed. One side is rented for $700/mo and the other side is currently vacant. The vacant side has been boarded up for security reasons, but has also been completely renovated.
- Lastly, the 2nd SFR, which is next door to the duplex, is a 3/1. It is currently being rented for $700/mo, but should be rented for $1,100/mo.
When all is said and done, you should be taking in a total of $3,500/mo. Taxes between all 3 are $1,650/year and I estimated $600/door for insurance. I also put $5,000 for repairs for miscellaneous stuff. That puts you at an ROI of roughly 12.5%.
Please call for a showing.
Holden / Parramore, No HOA
Est. Rehab: $0 – $5,000
Est. Potential Monthly Rent: $3,500
Est. ARV: $360,000 +/-
- Address: Grove Ave. & Jernigan Ave. Orlando, FL 32805
- Price: $299,000
- Availability: Sold
- Listing Type: Multiple Properties
- Bedrooms: 7
- Bathrooms: 4
- Total Square Feet: 2110
- Construction Type: Block / Frame
- Year Built: Varied