341 Elizabeth Street Deltona, Florida 32725 Assigned

  • $116,900
  • 3 beds
  • 2 baths
  • 1,201 sqft
Assigned

341 Elizabeth Street Deltona, Florida 32725

Main House: 2 Bedrooms, 1 Bathroom, 913 SF
Back House: 1 Bedroom, 1 Bathroom, 288 SF
1,201 TOTAL SF
PPSF: $94.00
Lot Size: 0.34 Acres
BUILT: 1960
A/C: WINDOW UNITS
CONSTRUCTION: WOOD FRAME/STUCCO

Where do I start?! This property consists of 2 SFH that sits on more than a third of an acre. The larger, front building has a very open concept and is where most of the work is needed. The well is working and needs nothing. The carport was converted to expand the living room and close off the utility room. All electrical and plumbing is fully functional. The main house is what will need most of the repairs. It will need:

Install central a/c and air ducts throughout: $9,000
Demo and replace most of the flooring: $6,000
Replace kitchen cabinets and countertop: $4,500
Replace kitchen appliances: $2,000
Miscellaneous drywall repairs: $500
Ceiling & potential roof truss repairs: $2,500
Replace/Patch the roof: $8,000
Fix front porch step-up: $400
Interior paint: $2,000
Exterior paint: $2,000

The rear house has been recently updated and will require very little attention for years to come. It features a gorgeous kitchen, bathroom, and ceramic wood flooring throughout. Due to its size, it is not recommended that central air be installed. Window a/c units are sufficient. The exterior will need to be finished with stucco then color-matched for consistency. It only needs:

Finish the stucco: $1,800
Exterior paint: $1,200

Total Cost: $37,900

Financial Breakdown:

Purchase Price: $112,900
+2% closing costs: $115,150
+ Repair Cost: $37,900
Total Cost: $153,050
Sell Price: $190,000
-5% Commission: $9,500
-2% Seller CC: $3,800
$176,700

Net Profit: $23,650
NET ROI: 15.45%

While this property would make a great flip, it would also be an ideal B-R-R-R-R opportunity and add to your portfolio. After repairs, market rents are as follows:

Main House: $1,050/month
Rear House: $550/month
Rental Income: $1,600/month
Net Cap Rate: 12.54%

Available on 10.20.2020

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:
$116,900
Address:
341 Elizabeth Street,
Deltona, Florida 32725
Square Feet:
1,201
Lot Size:
0.34 Acres
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1960

Additional Features

341 Elizabeth Street Deltona, Florida 32725. Amazing opportunity to own this home in a very desired location. Great investment Property is on an over-sized lot, larger than other properties close by. Don't miss out on the endless possibilities that this home has to offer.

Call (954) 280-5883 for more details

Property Location