Off Market TRI-PLEX Under 120K - 16% ROI

  • House
    1 acre
    bedroom 2 Bedrooms
    bathroom 3 Baths
  • Rental
    $119,900 0
    Status : Sold
    Year Built : 1968
 Description
TENANT OCCUPIED/ DO NOT GO ONSITE/ DRIVE BY ONLY

Property Description:With only 11 days left until Christmas .. Santa decided to deliver your gift early! If you've been waiting on your next money maker, it has Arrived. This Solid block Tri-Plex has 2(2/1) units and 1(1/1) unit each with their own electric and water meters. The existing tenants in the 2/1 units are currently on a 6 month lease while the 1/1 is vacant. Currently the 2/1 units are not in need of anything while the 1/1 will require Kitchen and bath updates and flooring throughout. With a ROI of 16% this deal is a no brainer. They don't get any better than this... Call today before its too Late.

Property features include: Both 2/1 units rented for 600 each. The end unit once updated can easily be rented for 600. Once the leases that are in place expire you can easily increase  the monthly rent to make an even larger return on your investment. Window units in place, No HVAC system ever present. Call or email for more details.  This property is certain to sell quickly!

Rental Rehab: 5k-10k
Kitchen and bath updates, floors, fixtures, cosmetics.
 Rehab Work Needed
  • Bathroom
  • Floor
  • Kitchen
  • Light Fixtures
  • Paint Exterior
  • Paint Interior
 General Amenities
 Distance
Image Gallery

 Summary

Overview
Off Market TRI-PLEX Under 120K - 16% ROI Sold
$119,900
Property ID: FL181297287
Address: Login to View
City: Daytona Beach
State/Province: FL
Zip Code: 32114
Country: USA


Rental Analysis

+ Purchase Price: $119,900
+ Purchase Closing Cost: $3,597
+ Rehab Cost: $10,000
Total Acquisition Cost: $133,497


Monthly Rent: $1,800
+ Annual Potential Rent: $21,600
- Vacancy (0%): $0
Annual Gross Income: $21,600
Annual Gross ROI: 16.18%


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