1602 W 13th Place Sanford, FL 32771
Total Square Feet: 2,256
Rear Main House: 6 Beds, 4 baths, 1,674 SF
Front House Square Feet: 2 Beds, 1 Bath, 582 SF
Year Built: 1952/1955
Lot: 5,662 sqft
A/C: Window Units
Construction: Block & WF/Stucco
How would you like to invest in two properties that yield a 19% return? That’s right! Get your full $220,000 investment paid back in just over 5 years AND still have 100% of the equity in the properties themselves! Located in Sanford, the primary building features 6 bedrooms, 4 bathrooms and two kitchens (one upstairs, one downstairs). 4 of the 6 bedrooms are rented out between $550 and $750 on a month to month agreement. $600/month per bedroom on the main house can be used as a modest average. The front house is getting $815/month in rent. Most of this is covered by Section 8 Housing.
There is minimal carpet in either house. Both roofs are said to be just 3 years old. Plumbing and electrical is working as it should be. Window A/C units are being used on both homes. The new purchaser would be advised to keep the window units in the front house. Central air and heat can be installed throughout the main house at a price. Owner is responsible for paying tenant utilities and electricity. Please keep in mind that this property is being sold “as-is”. Buyer’s due diligence is heavily recommended, if not absolutely mandatory =)
Purchase Price: $216,900
+2% Closing Costs: $4,338
Total Cost: $221,238
Rear House: $600/month average x 6 Bedrooms = $3,600/month, $43,200/year
Front House: $815/month, $9,780/year
Gross Income: $4,415/month, $52,980/year
Property Management & Maintenance: $4,000/year
Total Expenses: $11,900/year
Net Annual Income: $41,980
Net ROI: 18.97%
Available on 12.18.2020
Don’t let this excellent opportunity pass you by! Get it yours now!
DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members.
The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement