*** ********* ***, ********, FL
15.31% return
LP:
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Property Description

Great investment opportunity in today's market! Generate 17%+ returns on investment with this property. Four duplexes. All brick construction. Separate electric meters. Next to a middle class neighborhood. Rents can be increased to $650. Easily rents for $550. Light cosmetic improvements are needed. Do not miss out on this opportunity.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units8
  • Total bedrooms16
  • Total bathrooms8
  • Building size6644 sq. ft.
  • Lot size1.5 acres
  • Year built1972
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity
  • Water disposalSeptic
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $199,900
  • Estimated rehab 1 $30,000
  • Total investment $229,900
  • Type Proforma
  • After repair value $300,000
  • Potential profit $70,100
  • Gross income (annually) $52,800
  • Operating expenses (annually) $17,598
  • Net income (annually) $35,202
  • Gross return 22.97%
  • Gross income (monthly) $4,400
  • Operating expenses (monthly) $1,467
  • Net income (monthly) $2,934
  • Net return 15.31%

Property Income & Expenses

  • Income
  • Unit A: 2 bed / 1 bath $550/month $6,600/year
  • Unit B: 2 bed / 1 bath $550/month $6,600/year
  • Unit C: 2 bed / 1 bath $550/month $6,600/year
  • Unit D: 2 bed / 1 bath $550/month $6,600/year
  • Unit E: 2 bed / 1 bath $550/month $6,600/year
  • Unit F: 2 bed / 1 bath $550/month $6,600/year
  • Unit G: 2 bed / 1 bath $550/month $6,600/year
  • Unit H: 2 bed / 1 bath $550/month $6,600/year
  • Total $4,400/month $52,800/year
  • Expenses
  • Property Taxes $153/month $1,838/year
  • Insurance $183/month $2,200/year
  • Waste Collection $200/month $2,400/year
  • Water bill $240/month $2,880/year
  • Maintenance reserve $250/month $3,000/year
  • Property Management $440/month $5,280/year
  • Total $1,467/month $17,598/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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