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3 Duplex's - 6 Units - 2 Bed / 1 Bath / Built 1971
Purchase Price: $1,070,000
Market Value: $250k per unit / 1.5 million
Rehab Level: None - Light
Construction: Block / Slab
Electrical Panel: Updated, good condition
Air Conditioner: Mixed Ages, good condition
Water Heater: Mixed Ages, good condition
Occupancy: 4 Units Occupied
2 Units used as Airbnb
*Do not disturb occupants. Trespassing is a criminal offense.
4 Units: 2 Bed / 1 Bath / 702 sqft / Rent $1,560
2 Units: 2 Bed / 1 Bath / 702 sqft / Airbnb $4,000
Purchase Price 1,070,000
Closing Cost 15,000
Annual Rents 170,880
Tax, Insur. - 12,000
Net Income $158,880
Est. Rental Return 15% ROI w/ 400k Equity
This is a terrific investment opportunity. The units are in great condition with no repairs needed. 4 Units are rented at $1,560 a month. 2 Units are used as Airbnb rentals at $1,000 per week. If you wanted to convert all units to Airbnb the returns would go through the roof. Units are easy walking distance from downtown Mt Dora and in an approved short term rental district.
mount dora,fl United States
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