W Kaley Ave, Orlando, FL 32805

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2 Beds - 1 Baths - 1,227 sqft - Built 1961

1 Beds - 1 Baths - 552 sqft - Built 1969

Purchase Price: $115,000

Rehab Level: Light

Construction: Block / Slab

Plumbing: 2006

Air Conditioner: Newer

Water Heater: Newer

Roof: 2017 Metal Roof

Occupancy: Occupied - Month to month tenant paying $800 per month

*Do not disturb occupants. Trespassing is a criminal offense. Why buy occupied properties? 

Rental

Purchase Price       115,000

Closing & Rehab      10,000

Rent 1,700 x 12         20,400

Tax & Insurance         2,000    

Est. ROI              14% w/ 20k Equity

Summary: Unique opportunity to pick up 2 rentals on 1 lot in the heart of downtown Orlando. The house is a block home and the 2nd unit is a manufactured home. The pictures of the interior are old and the house has been remodeled. Interior access is limited due to the tenant occupancy. 

Avg. Retail Sale Price: $180,000

Estimated Monthly Rent: $1,700

Rental Comps

701 23rd St - Leased - 11/19 - $1,350

1624 Duchess Dr - Leased - 2/20 - $1,200

1621 W Grant St  - Leased - 10/19 - $1,250