Residential Over 5 Units - Eighteen unit orlando Florida and forty two unit Daytona beach plus others

Published on August 5, 2022
Modified on August 5, 2022
Published by Jazz
Viewed by 3 people
#995
3400000.00 $US

Description of item




18 UNITS ORLANDO

36 Beds / 18 Baths / 16,200 sqft / Built 1980

Purchase Price: $3.4M

Rehab Level: Light
Construction: Block / Slab
Electrical Panel: Mixed Ages Many Are New
Air Conditioner: Mixed Ages Many Are New
Water Heater: Mixed Ages Many Are New
Roof: 2005
Occupancy: 17 Units Occupied

12 Units: 2 Bed / 1 Bath / 858 sqft / Market Rent $1,500
6 Units: 2 Bed / 1 Bath / 990 sqft / Market Rent $1,7000

Purchase Price 3.1M
Closing Cost 45,000
*Rehab 225,000

Annual Rents 338,400 @ market rent
Tax, Insur., M&R - 42,000
Net Income $293,400

*Rehab only needed to achieve market rents listed above. No renovations are needed to continue operating at existing rents. Current NOI is $177,960, leasing of vacant unit along with scheduled rent increase Jan 1st will increase NOI to $236,100.

This is a terrific value add investment opportunity. The model has already been proven with 3 newly renovated units renting at $1,500 & $1,695 respectively. 14 Non-renovated units are rented at $960 with a $225 increase schedule for January 2023. There is 1 vacant unit. If you wanted to move quickly towards flipping the complex or max rents, you could decide not to renew leases in January and renovate all remaining units at one time.




NEW! OFF MARKET - 42 Unit Multifamily Opportunity in Daytona Beach FL

ASKING $6.25M

Property Type: Multifamily/Multiplex
Property Subtype: Apartments
Number of Units: 42
Number of Buildings: 3

Number of Stories: 2 - Garden Style
Year Built: 1973
Construction: Masonry

Zoning: Commercial

Class: C/B

HVAC: Central

Roofing: Shingle
Value Add: Yes


Castlebrook Drive
Jacksonville, FL32257
3 Bd|2.5 Ba|1,664 Sq Ft|1983 Built

asking $250,000
Zestimate®: $357,000

Roof - Older, HVAC- Not sure, Painted Inside and out 1985, Hardi Plank Siding 1985 ,Wood Frame, Kitchen Counters Tile Countertops, Flooring in Kitchen Tile, Laminate wood flooring in LR ,Carpet in Bedrooms ,NO HOA NO GATES NO SOLAR NO SMOKING, Owner Occupied ,No POOL , Security System ,Garage Doors 1984


Maureen Dr, Deltona, FL 32738

ASK $297,500

LINK TO PICTURES

Escrow Amount: 10K

Close Of Escrow: August 1th on or before

Potential ARV: $390,000 - $400,000

Estimated Rehab: $40,000 - $50,000

Square Footage: 1,760

Construction CBS

POOL: N/A

Comp 1: 2661 Keysville Ave, Deltona, FL 32725 3bd 2ba 1,809 sq ft Sold: $389,900 on 06/01/22 (Reno) $215 Price per sq ft

Comp 2: 3015 Jollett Ct, Deltona, FL 32738 4bd 2ba 1,891 sq ft Sold: $390,000 on 05/20/22 (Clean w/pool) $206 Price per sq ft

Comp 3: 3018 Foxboro Cir, Deltona, FL 32738 3bd 2ba 1,946 sq ft Sold: $316,000 on 05/13/22

Rehab Description: For a rental or a flip, a cosmetic rehab is recommended. Kitchen, bathroom, and floors should be updated. Roof should be addressed. HVAC is only 2 years old, Touch up drywall and apply a fresh coat of paint to the interior.


Wilson St, Jacksonville, FL 32209
3 Beds / 2 Baths / 1,000 sf
5,186sf Lot| 1948 Year

Link to More Pictures

Wholesale Price: $101,000
Garage



4th Street North, Jacksonville Beach, FL 32250

Asking $599,900
ARV: $700,000+/-
Buyer pays all closing costs

Type: Single-Family
4 bedrooms, 2 baths, 1736 sqft. Built in 1947. Lot 6184 sqft.
Year Built: 1947
Annual Tax: $4,417/yr
Foundation: Wood Frame

Prime corner lot home just 4 blocks from Jacksonville Beach! This two story home has beautiful views of the beach from the second floor. It has 4 bedrooms and 2 bathrooms with original hardwood floors throughout and tile floors in the kitchen and bathrooms. You will love the large lot with a detached garage that is walking distance to the beach and dining. Home is being sold as is!

Comps:
617 BARBARA LN, Jacksonville Beach, FL 32250
Sold: $705,000
1044 15TH AVE N, Jacksonville Beach, FL 32250
Sold: $620,000
818 PATRICIA LN, Jacksonville Beach, FL 32250
Sold: $618,800





52ND AVE N, ST PETERSBURG, FL 33714
2 bed | 1 bath | 1008 sf

The roof and water heater from 2016. Very minor work to make it rent ready.
Rent $1800-$1900/month

Cash Price: $209,900

ARV: $280,000

View Pictures

Comps:
3108 58th Ave N, Saint Petersburg, FL 33714 Sold for $290k on 7/2022
3219 55th Ave N, Saint Petersburg, FL 33714 Sold for $274k on 6/2022

3610 N Avenida Republica De Cuba St Tampa, FL 33605
3 bed | 1 bath | 1300sf

Owner started renovations but did not complete. Needs total rehab including plumbing, electrical and roof. On a one-way street.
Vacant on Lockbox

Cash Price: $199,500

ARV: $300,000

View Pictures

Comps:
3209 E 26th Ave, Tampa, FL 33605 Sold for $325k on 4/2022
2918 N 16th St, Tampa, FL 33605 Sold for $310k on 4/2022


Heath Green Place South
Jacksonville, FL32246

3 Bd|2 Ba|1,605 Sq Ft|1992 Built

asking $360,000

$412,638
Redfin Estimate


Roof age: 2013, HVAC age: 2018, City Water, City Sewer, Wood frame, Counter tops: Quartz, Tile & Carpet floors HOA: Kensington...beautiful pool, common areas, private community between Hodges & Kernan off of Atlantic Blvd. http://kensingtonhoajax.com/ $750/annually


SW 11th Ct, Cape Coral, FL 33991
3 bed | 2 bath | 1,194 sf

asking $280,000

built 1989. Attached Garage. Investment Strategy: Rental/Resale

View Photos

Escrow Amount: 10K

Close Of Escrow: August 30th

ARV: $380,000 - $390,000

Estimated Rehab: $35,000 - $45,000

Construction: CBS

Pool: N/A

Comp 1: 917 SW 5th Ter, Cape Coral, FL 33991 3bd 2ba 1,338 sq ft Sold: $371,000 on 06/15/22 (Clean) Price per sq ft $277

Comp 2: 1208 SW 15th Pl, Cape Coral, FL 33991 3bd 2ba 1,403 sq ft Sold: $360,000 on 05/18/22 (Clean) Price per Sq ft $256

Comp 3: 1405 SW 13th Ter, Cape Coral, FL 33991 3bd 2ba 1,409 sq ft Sold: $346,000 on 06/09/22 Price per sq ft $245

Rehab Description: For a rental or a flip, a cosmetic rehab is recommended. Kitchen, bathroom, and floors should be updated. Roof was done in 2007 and HVAC was addressed in 2018. Touch up drywall and apply a fresh coat of paint to the interior.


Important Details: Vacant at close




Estimated Spread
$390,000
ARV
-$270,000
Price
$120,000
Spread



Benedictine Circle Orlando 32812
3 Beds | 2 bath | lot .21 acres | 1980 year

Asking $349,900 CASH ONLY
AFTER REPAIR VALUE
$450,000

RequestFOR PICS

Sales Comps:

2214 MARYDAY Ct
3/3 1,560 sqft sold $455k 6/24/2022

2758 WAYMEYER Dr
3/3 1,709 sqft sold $450k 5/5/2022

4571 SAINT BRIDES Ct
3/2 1,578 sqft sold $451k 3/31/2022

This house has great bones and is in a very quiet neighborhood. Whether you’re looking for a peaceful neighborhood or an area that accommodates your lifestyle, this could be your home. This home has 3 beds, 2 baths with an open layout Kitchen and an extended living room plus a den/office. Near restaurants, stores shopping & airport. Water heater 2013 & Roof 2004.

Repairs include roof, update kitchen and bathroom, new flooring, paint inside / out.

Call now to view or purchase.

TAXES 2021: $5,185

CLOSING COST
$5,000 *ESTIMATE*

REPAIR ESTIMATE
$45K

PROJECTED RENT
$2,400

TAXES & INSURANCE
$550 *MONTHLY ESTIMATE*

CASH FLOW
$1,850 MONTH


MULTIFAMILY
26th Avenue South
St. Petersburg, FL 33705

5 Bd|3.5 Ba|2,348 Sq Ft|1949 Built

$325,000
ARV $450,000

Great multi-family opportunity in St. Petersburg ! This CBS, one car garage home has attached 2 bed, 1 bath, 672 sf. unit above garage with a kitchenette and separate water heater. Main house has 3 bedrooms 2.5 bath. Roof redone in 2010. Primary bed has ensuite bathroom and large closet/makeup room attached as well. Front room has attached half bath. Garage has plenty of storage and parking behind house as well. Great income producing opportunity !




TWO LOTS WITH HOUSE
Palm Ave
Gibsonton, FL33534

3 BEd|2 Bath|1,366 Sf |1974 Built
$216,000

Block home. This sale is for 2 PARCELS with a combined lot size of .64, the home is on .31 acres w/adjacent cleared lot .33! Plenty of room on this property for your boat and all your toys! NO HOA! Located just West of US 41 with the Alafia River steps away from from your front door and public boat ramp access nearby.



Ferguson Ave
Leesburg, FL 34748

2 Bed|1 Bath|720 Sq Ft|1951 Built

$99,900

Excellent rental property to pump up your cashflow! 3 Year old roof, new water heater will keep your expenses low rental or flip. *High demand area for rental *Estimated monthly rental $600 *

Mill St W
Jacksonville, FL32234

3 Bd|1.5 Ba|1,248 Sq Ft|1972 Built

$250,000

Type of flooring - Tile & Carpet, No HOA, Above ground pool, Garden shed, New Carport, Slab poured for patio area, Walking distance to Elementary, Middle/High School, Walking distance to restaurants and stores Backyard fully fenced with double gate, Security surveillance system.


Blackstone St
Spring Hill, FL34608

2 Bd|2.0 Ba|1,255 Sq Ft|1981 Built

asking $217,000
Roof - good condition


Hermits Cove Altamonte Springs 32701

4 Bed | 2 Bath | 2,080 sf
BUILT: 1969 |.30 Acres lot

$440,900 CASH ONLY

Request FOR PICS

Sales Comps:

106 BEACH Ave
4/2 1,899 sqft sold $550k 3/25/2022

726 LAKE Ave
4/2 1,928 sqft sold $535k 3/28/2022

317 HERMITS TRL
4/3 2,439 sqft pending $550k

What a great house, it checks all the boxes for an end user

Location

Country
United States
Region
Florida
City
Orlando
Address
Orlando