1216 22nd St, Orlando FL 32805
Bedrooms: 2 | Bathrooms: 2
Size: 1,056 sq/ft
Year Built: 1965
Lot: 6,747 sqft
Est. Rehab: $13,000
Total Investment: $173,000 + c/c
This is a block built 2 bed, 2 bath Duplex that is 1,056 square feet with a roof that was replaced 5 years ago, and 2 newer A/C units and also connected to City Sewer (great value-add feature).
One unit has a long term tenant in place, currently month to month who will be looking to extend (rent should be increased closer to market value, currently paying $575/month, should be $625-$650) and the other unit has recently been vacated and is ready for a quick renovation in which case market rent can be achieved ($750-$800).
Along with immediate equity and cash flow, after the updates to the rent, this duplex will be providing 2 sources of income and a 7.50% NET ROI which is very rare in this market.
Rental Income: $17,400
Property Taxes: $1,600
Community (HOA): $0
Est. NET Income: $13,208
Est. NET ROI: 7.50%
Available on 03.30.2021
Don’t let this excellent opportunity pass you by! Get it yours now!
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