1104 Fleming Ave Lakeland FL 33815 Available

  • $55,000
  • 2 beds
  • 1 baths
  • 1,260 sqft

1104 Fleming Ave Lakeland FL 33815

2 Bedrooms 1 Bath
Built: 1952
Sqft: 1,260
Ppsf: 75.95
Tax/Yr: 1,219.00
HOA: None
Est. Rehab: 30-40K
Est. After Repair Value: 120K
Flip Potential ROI: 22%
Flip Potential Net Income : 21k

Potential Annual Gross Income: 12,600
Potential Annual Gross Return: 16%

Selling Features:
This is the 5th CHEAPEST 2 Bedroom SFH in the entire county out of 2,202 available homes. As a Flip, this property will need a full renovation, besides the roof which is only a few years old, but with similar fully renovated homes in the area selling up to 111 dollars a Sqft, there is plenty of meat left on this bone for a positive profit margin. As a Rental, the same rehab is required but with basic finishes, and once the home is rent ready with a tenant at market rent, this deal will easily cash flow at a 16% ROI. There is plenty of space to create an additional bed or bath, but an extra bedroom is highly recommended to achieve the desired after repair value

Available on 06.08.2020

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Price:
$55,000
Address:
1104 Fleming Ave
Lakeland, Florida 33815
Square Feet:
1,260
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1952

Call (954) 280-5883 for more details

Property Location