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

  • House
    2561 acre
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip
    $130,000
    Status : Sold
    Year Built : 1945
 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
  • Electricity
  • Floor
  • Kitchen
  • Open Floor Plan
  • Paint Interior
 General Amenities
 Tags
Image Gallery

 Summary

Overview
Full gut, off-market, investor special in Titusville Florida! Sold
$130,000
Property ID: FL191155000
Address: Login to View
City: Titusville
State/Province: FL
Zip Code:
Country: USA


Flip Analysis

+ 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%

 Message

6 - 5 = ?