If you’re in the market for a great investment property, take a look at this 2 bedroom, 2 bath duplex. This property needs minor repairs and it will be ready to make you a nice financial return. It’s located in the Washington Park community of Orlando, an affordable family friendly area. Hurry! Call today to learn more about this great money-making property!
“AFTER-REPAIR” VALUE = $170,000
Estimated Repairs = $13,875 (Both Units)
DISCOUNT WHOLESALE PRICE =$148,000
Close By Date: ASAP!
Access: Call for Access Instructions!
Recommended Repairs
This property needs a Light renovation in order to be rent ready for the area and should take no more than 30 days to complete. The windows and doors have been recently replaced, a new wood fence installed, and electrical service was upgrade from OUC lines, to include new wiring, new piping, new meter cans & new panels. I suggest new appliances and cabinetry in the kitchens and bathrooms, some light landscaping and a good cleaning. The interior of 1 unit has been painted, you just need to paint the 2nd unit. Once completed, each unit would easily rent for $800/month.
Rental Numbers
- Income = $1600/Month ($19,200/Year)
- Expenses = $436/Month ($5,232/Year)
- Net Operating Income = $13,008/Annually
- Cash Flow = $3,629/Annually
- Cash-on-Cash Return = 11.13%
- CAP Rate = 7.98%
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $3,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.
Hurry! To make us an offer ASAP! Properties like this don’t last long.