2 Houses 1 Lot in Ocoee Lyman St. Ocoee, FL. 34761
This is a great flip or multi-family cash-flow in Ocoee. This property includes 2 single family homes on 1 lot which is over 1/3 acre.
The first house is a 2/1 with 737 SQFT built in 1945. It is currently rented at $700 a month, on a month to month basis. Tenants have been there for about 15 years. The second house is 1/1 with 540 SQFT. This house is currently vacant. It was previously rented for $550/month. Both houses will require full rehab with the 1/1 also requiring a new roof.
There is a possibility that the lot could be split giving you 2 separate lots with single family homes. That would increase your value in regards to a flip and would allow you to charge more for rent. Please do your due diligence and check with the county if you plan to split the lots.