Income-Producing Duplex Available in Ocala! 1408 NE 15th Pl

  • House
    1716 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $86,000
    Status : Available
    Year Built : 1967
 Description
1408 NE 15th Pl
Ocala, FL 34470


DUPLEX:

BEDROOMS: 2 & 1
BATH: 1 & 1
SQFT: 1,716 total
Lot size: 0.37 acres
Block
Built: 1967
Utilities: City

REHAB EST $15k+/-
GROSS CAP ~26%

Market Rent: $2,200/Mo
Near good schools
Near Downtown Ocala
Near many shopping plazas

ARV: $140K

Price: $86K cash or hard $ + all closing costs
Description:   Moderate level rehab needed (new kitchen, bathrooms, flooring, paint, hvac, etc)The 2/1 was rented for $1,200/month and 1/1 was rented for $1,000/month
No HOA

Roof is 8-10 years old and with no leaks
Call or text me for access or to lock up.
 Rehab Work Needed
  • Bathroom
  • Bedroom
  • Kitchen
  • Yard
 General Amenities
 Distance
Image Gallery

 Summary

Overview
Income-Producing Duplex Available in Ocala! 1408 NE 15th Pl Flip/Rental
$86,000
Property ID: FL191125954
Address: Login to View
City: Ocala
State/Province: FL
Zip Code: 34470
Country: USA


Rental Analysis

+ Purchase Price: $86,000
+ Purchase Closing Cost: $2,580
+ Rehab Cost: $0
Total Acquisition Cost: $88,580


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $86,000
+ Purchase Closing Cost: $2,580
+ Rehab Cost: $20,000
Total Acquisition Cost: $108,580


+ Selling closing cost: $4,200
+ Agent Commision : $4,200
Total Holding Cost: $8,400


Total Flip Cost: $116,980
Projected ARV: $140,000
Net Income (Profit): $23,020
CAP Rate: 19.68%

 Message

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