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Better than a duplex , you get two separate homes homes with their own driveways. Both houses total 5 beds, 2 baths, and 1434 SF. One home is a 3/1 with 864 SF, and the other home is 2/1 with 570 SF.
The smaller one is currently rented at $600 a month and the bigger one is vacant. We project $800 rental monthly income or so for the bigger home.
Homes needs general updating throughout if you want to keep as rentals. Some comp homes 600 to 800 sq ft are selling for the same price we are selling for two! So this is a solid flip or cash-flow opportunity.
Lockharts Sub, No HOA
Est. Rehab: $15,000 – $20,000
Est. Monthly Rent: $1,400
Est. ARV: $120,000
Recent Area Sales / Activity:
- 224 W Chelsea 2/1 621 sq ft sold for $70k on 09/17/18
- 612 W Mathis St 3/1 811 sq ft sold for $85k on 07/25/18
- 915 S Adelle 2/1 984 sq ft sold for $98k on 9/01/18
- Address: W Beresford Ave, DeLand, FL 32720, USA
- Price: $79,900
- Availability: Sold
- Listing Type: Single Family x 2
- Bedrooms: 5
- Bathrooms: 2
- Total Square Feet: 1434
- Construction Type: Frame
- Year Built: 1949