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1602 W 13th Place Sanford, FL 32771 Assigned

  • $220,900
  • 6 beds
  • 4 baths
  • 1,674 sqft
Assigned

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
PPSF: $96.14
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 =)

Financial Breakdown:

Purchase Price: $216,900

+2% Closing Costs: $4,338

Total Cost: $221,238

Income Streams:

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

Expenses:

Taxes: +/-$1,000/year

Insurance: +/-$2,400/year

Utilities/Electric: +/-$3,600/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!

Make An Offer On This Property

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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

Price:
$220,900
Address:
1602 W 13th Place
Sanford, Florida 32771
Square Feet:
1,674
Lot Size:
5,662 sqft
Bedrooms:
6
Bathrooms:
4
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1955

Additional Features

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 PPSF: $96.14 Year Built: 1952/1955 Lot: 5,662 sqft A/C: Window Units

Call (954) 280-5883 for more details

Property Location