3741 Carla Court Drive, Winter Haven, FL

14.54% return

SP: $189,900

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Property Description

Turnkey quadplex. Great condition. Tons of work done to the property. Rented way below market value. Great curb appeal. Separate meters for electric and water. Tenants pay all utilities. Low expenses. Professional property management is available.

Property Information

Listing statusOffMarket
Property typeMulti Family
Total units4
Total bedrooms8
Total bathrooms4
Building size3828 sq. ft.
Lot size0.3 acres
Year built1981

CountyPolk County
SubdivisionVILLAGE EAST
ConstructionCBS
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$189,900
Estimated rehab¹$0
Total investment$189,900

TypeProforma

Gross income (annually)$33,600
Operating expenses (annually)$5,989
Net income (annually)$27,611
Gross return17.69%

Gross income (monthly)$2,800
Operating expenses (monthly)$499
Net income (monthly)$2,301
Net return14.54%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 2 bed / 1 bath$700/month$8,400/year
Unit 2: 2 bed / 1 bath$700/month$8,400/year
Unit 3: 2 bed / 1 bath$700/month$8,400/year
Unit 4: 2 bed / 1 bath$700/month$8,400/year
Total$2,800/month$33,600/year

Expenses

Property Taxes$219/month$2,629/year
Insurance$167/month$2,000/year
Lawn care$30/month$360/year
Maintenance reserve$83/month$1,000/year
Total$499/month$5,989/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.