Full gut, off-market, investor special in Titusville Florida!

Description

$130k

ARV $230k

Gross Cap 18%

Duplex + detached unit - 2561 sqft

each door is a 2bd/1ba

0.24 acres / 10454 sqft

Block exterior

1945 yr built

City water/sewer

Market rent $2800/mo

This duplex + detached unit property is need of full rehab. Both are on the same parcel and each door contains 2bd/1ba.

The duplex is going to need windows, flooring, drywall and kitchen. The electrical, plumbing and framing are all new.

The detached unit is going to need a full gut.

Contractor rehab estimate came in at $35-50k

Rehab Work Needed

Summary

Overview

Sold

$130,000

Property ID: FL191155000

Address: Login to View

City: Titusville

State/Province: FL

Zip Code:

Country: USA

+ Purchase Price: $130,000

+ Purchase Closing Cost: $3,900

+ Rehab Cost: $40,000

Total Acquisition Cost: $173,900

+ Selling closing cost: $6,900

+ Agent Commision : $6,900

Total Holding Cost: $13,800

Total Flip Cost: $187,700

Projected ARV: $230,000

Net Income (Profit): $42,300

CAP Rate: 22.54%