Property Details: (Full Inspection Report available Upon Request)
Features:
✅ Roof: 2017
✅ AC: 2017
✅ Electric Water Heater: 2017
✅Electric: 200 Amp Siemens
✅Lot Size: 10,454 sqft,
✅Corner Lot
✅Construction: Concrete Block Strucco (CBS)
✅Rent Rate: $1500-$1700
✅ Closing Date: 05/25/2024
✅ Property is VACANT
Upgrades Needed:
❌The 220 oultlet and a regular outlet are too close to water valves of the washer.
❌ Minor Sofit/Fascia Work
❌ Exterior Paint
❌Minor Drywall Repair/Replacement
❌New Flooring
❌Interior Paint
❌New Appliances
❌ 1 Cracked Window
Investment Strategies:
✅ Buy and Hold: Won't need much to start collecting $1700 to $1900 per month. This property offers excellent potential for steady rental income.
✅ Fix and Flip: Opportunity to rehab and resell for a profit.
✅ Buy & Relist: 2042 SW 2nd St just sold on market in the same condition (or worse) for $205,000
offering potential to make 25k-30k w/out doing anything to it. (0.5mi away)
There is an active Flip on this same street listed at $275,000
Location Benefits:
Located in Ocala, FL, a thriving community with a strong real estate market and growing demand for both rental properties and first time home buyers.
Convenient access to amenities, schools, parks, and major transportation routes.
Don't miss out on this incredible investment opportunity! Whether you're looking to build your rental portfolio or flip for profit, SW 5th St is the perfect canvas for your investment vision.
Contact us today to schedule a viewing and explore the potential of this property!
ARV: $250,000
CC&C: $23,000
Reno: $30,000
Price: $150,000
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$47,0000
Walkthrough
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