N. Ohio Ave., Lakeland, FL 33815

REDUCED!

Price WAS: $77,700

NOW: $74,900!

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Property is currently set up as a duplex with 3/1 on each side. With 3600 sqft to work with there are a lot of options. House needs a ton of work so just estimate a full rehab. Renovations could run $50k for a cash-flow and upwards of $100k for a flip due to its size. Once fully updated each side could rent for $950-$1050 easily for a total of $1900-$2100. Or if you wanted to flip it you could fix it up and make a nice profit on it.

Comps are very difficult for this one. We went a mile out and a year back and there aren’t any similar style houses. Additionally, this is by far the biggest property, so you have to make adjustments. That being said, we think rehabbed value could range anywhere between: $215k-$255k.

This property is drastically under-priced and with the Lakeland market being a hotbed for investors I wouldn’t expect this one to be available for too long. Especially when you have the opportunity for a 15-20% cash-flow ROI.

Boyers Sub, No HOA

Assignable

Est. Rehab: $50,000 – $100,000

Est. Monthly Rent: $950 – $1,050

Est. ARV: $225,000 – $255,000

Recent Area Sales / Activity:

• 15301 Montesino Dr – 4/2, 2013 SF – Active for $283k
• 806 Geranium Ave – 3/2, 1080 SF – Pending for $145k
• 727 Sunflower Trl – 3/2, 1386 SF – Sold 5/31/18 for $152k
• 15427 Montesino Dr – 3/2, 1706 SF – Sold 3/26/18 for $272.5k
• 15407 Hidden Gem Way – 3/2.5, 2078 SF – Sold 4/26/18 for $308.5k