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10 Bed / 5 Bath / 2,731 sqft / Built 1953
Purchase Price: $397,000
Rehab Level: Moderate
Construction: Block / Slab / Frame
Electrical Panel: Mixed Ages
Air Conditioner: Mixed Ages
Water Heater: Mixed Ages
Roof: Assume Replacement
Occupancy: Occupied - Vacant at closing
*Do not disturb occupants. Trespassing is a criminal offense. Why buy occupied properties?
Purchase Price 397,000
Closing & Rehab 40,000
Rent 5,000 x 12 60,000
Tax & Insurance 8,000
Est. ROI 12% w/ 40k Equity
Very unique opportunity to buy over half an acre zoned for professional office on Edgewater Dr. Currently there are 3 buildings on the property. A block on slab duplex and 2 other office buildings that are wood framed on slab. All could be used as residential rental or fully convert all to office rentals. You could also build a 12,000 sqft office building with current zoning. Over 25,000 cars a day drive by this location. Duplexes on small lots sell for around 350k in this area.
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