Off-Market Winter Park Triplex Indiana Ave. Winter Park, FL. 32789
Property Detail
Type
Triplex, **SOLD** Status
Cash Flow, **SOLD**, Flip Location
Florida
Sub Location
Winter Park
Price
$299,000
Sq. Ft.1,280Bedrooms3Bathrooms3ARV$425,000+/-Rent/mo$1,500 - $2,250+/-RehabModerate - FullGarageNonePoolNoneTaxes/yr$3,879.16Lot Size (Acres)0.1607ConstructionBlock / FrameWaterfrontNoneYear1953,1926SubdivisionLawndale
Property Description
This is an off-market performing triplex in Winter Park. The property consists of a duplex with each side being a 1/1. There is also a separate 1/1 house in the back. The duplex has each side rented out for $750/month. The tenants are on a month to month basis and they have been there a couple years.
The unit in the back is in rough condition and will need a full rehab to get rental ready. You could potentially fix up all 3 units and flip this or keep it as a cash-flow.
You will be getting this property well under market value in its current condition. Plus you can start cash-flowing immediately.
