Bedroom: 3
Bath: 2
Garage: Carport
Ext Const: Block
Built: 1961
Sqft: 1398
Ppsf: 96.49
Tax/Yr: 1,370
Septic/Sewer: Sewer
County: Orange

Current Rent:  $1,125 (10%)

Market Rent:  $1,400 (12.5%)

 

Property Description:  Attention Landlords!  This is a solid block rental with equity in West Orlando.  Steady, reliable tenants in place paying $1,125 per month.  This is a great opportunity to park some cash in an asset with steady returns and multiple options for the future.  At the end of the existing lease you can renew the same tenants, update the property slightly and charge a higher market rent, or flip it for a solid profit.  The choice is yours.

 

Property Features Include:  3/2 block rental with 2016 roof.  Same tenants have lived in the property for 7 years.  Currently leased through 1/31/2021.

 

Rent Rehab:  $0 - $10k

No updates needed to maintain the existing tenants at $1,125 per month.  Minor updates would facilitate increasing the rent to market value of $1,400 per month.

 

Flip Rehab:  $30k

Cosmetic rehab.