Multiple Property Deal in Davenport W Redding St. Davenport, FL. 33837
Type Multiple Property Deal, **SOLD** Status Cash Flow, **SOLD**, Flip Location Florida Sub Location Davenport Price $99,000 Sq. Ft.1,380Bedrooms5Bathrooms2ARV$185,000+/-Rent/mo$1,750 - $1,950Rehab$25k - $40kGarageCarportPoolNoneTaxes/yr$1,600Lot Size (Acres)0.3548ConstructionFrameWaterfrontNoneYear1930,1954SubdivisionJamestown SubdivisionHOA Fees/mon/a
This is a great multiple property deal at a ridiculously low price in Davenport. You are getting 2 single family homes and a vacant lot for only $99,000!
The first house is 3/1 900 SQFT, the 2nd is 2/1 480 SQFT and the 3rd is a .12 acre vacant lot. Each of the houses will need standard rehab.
These make for great cash-flows or could even be flipped as well. Rental rates show the 900 SQFT 3/1 could rent for $1,000-$1,200/month and the 480 SQFT 2/1 could rent for about $750/month. This could bring in a solid 15+% ROI.
204 North – 2/1 1048 sqft sold for 144 on 7/31/19
6 Magnolia – 2/1 720 sqft sold for 70 on 2/20/20 (Clean, not renovated)