Peachtree St., Cocoa, FL 32922

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Showing Tuesday. Please RSVP. Time will be solidified within the next few day. Thanks for your patience!

Check out this block and fully rented quadplex just blocks away from the Indian River. Property consists of (4) 1/1’s that are currently rented out for $450 each.  We believe tenants are all month to month, but seller says they have all been there a while and are good tenants. That being said, you should be able to get $600 – $650 for each unit once you have made some repairs.

The roof is going to need a reshingle, paint in and out, and some updating inside. We were unable to get into each unit for pictures, but we are working on setting up a showing now. Owner is responsible for water and sewer, which runs about $250/month. Tenants are responsible for everything else.

If you put $20k to $25k in and maximized your rents at $650 for each unit, you would be looking at approximately an 18% Return.  That’s pretty insane these days.

Ocala, No HOA

Est Rehab: $25,000

Est. Monthly Rent: $2,600