Multi-Property Deal in Downtown Orlando Grove Ave & Jernigan Ave., Orlando FL 32805
Property Detail
Property Description
This package is already pre-approved with hard money at 11% for qualified buyers, from Capital Fundings!
Don’t miss this opportunity to buy multiple homes in the same area with a great potential ROI! The package consists of 2 sfr’s and a duplex. The property on Grove is a 2/1 and is currently rented for $700. The property should be taking in at least $1,000/mo. The duplex are 1/1’s on both sides and have already been completely rehabbed. One side is rented for $700/mo and the other side is currently vacant. The vacant side has been boarded up for security reasons, but has also been completely renovated. Lastly, the 2nd sfr, which is next door to the duplex, is a 3/1. It is currently being rented for $700/mo, but should be rented for $1,100/mo.
When all is said and done, you should be taking in a total of $3,500/mo. Taxes between all 3 are $1,650/year and I estimated $600/door for insurance. I also put $5,000 for repairs for miscellaneous stuff. That puts you at an ROI of roughly 12.5%. Please call for a showing.Po
