This Duplex is a 2/2 on each side in a great rental area. The property does not need any major renovations. Roof is new and both central a/c units are new. Current rents are $1,395. and $1,395. on a month to month but can be increased to $1,595. if updated.
The internal rate of return in the 2nd year would be 17.8%
Sold Comp: 1101 N. 58th Ave. Sold 5/31/2018 for $345,000.
Sold Comp: 1158 N. 58th Ave. Sold 6/1/2018 for $345,000.
Sold Comp: 1935 Buchanan St. Sold 6/25/2018 for $350,000.
Active: 5913 Lincoln St. Listed for $375,000.
Active: 5640 Grant St. Listed for $399,000.
Active: 5612 Arthur St. Listed for $355,000. No other active comps under $350k
Rented Comps: $1,350. to $1,600.
Active Rental Comps: $1,375. to $1,750.
ARV – After repair value is $375,000. to $400,000.
This is an off market listing so please do not bother the tenants. Only serious investors please. $5,000. non-refundable deposit required subject to a one week inspection period. Cash buyers only with proof of funds or hard equity loan approved. If you are a realtor and have a buyer then please add your commission to the purchase price.
Use link below to see a detailed proforma projected financial analysis
Licensed Real Estate Broker
Real Estate USA of South Florida, Inc.
6365 Taft St. # 3007
Hollywood, FL 33024