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Large Orlando Rental in 32810!
Come take a look at this large 3 bedroom, 2 bath, block home built in 1972 that offers a 1,800 sqft of living space. Features include tile floors throughout, a fenced yard, and a 1/1 in-law suite that is 504 sqft.
The in-law suite has electric, but needs water hooked up to city line ($8k), and the bathroom finished.
The main house needs a roof and some clean up to get rent ready. The master bedroom offers a full bath with stand-up shower and a huge master closet which could be consider an office, as it has its own closet.
Property is owner occupied with roommates, the in-law suite is rented as well. Owner and all tenants will move out before closing, or they are willing to rent back out and sign lease.
Market rent for a large 3/2 is approx $1,500/mo and a 1/1 should easily pull $600/mo. Taxes $2,250. Total Rehab $25k should cover all repairs needed to get main house and 1/1 in law suite rent ready. There are expired permits from 1998 for the roof and in law suite, both should be closed out when repairs completed, buyer will have to sign hold harmless. Year 1 delivers 11% Net ROI after closing costs, repairs, taxes, and insurance. Call Now to Buy.
Wallington Heights
Assignable
Est. Rehab: $25,000
Est. Monthly Rent: $1,500 + $600
Est. ARV: $195,000
- Address: Kelvington Drive, Lockhart, Florida 32810
- Price: $155,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 3 (4)
- Bathrooms: 2 (3)
- Total Square Feet: 1800 (2304)
- Construction Type: Block
- Year Built: 1972