Cash flowing triplex rental that will hit over the 1% rule after the 3 bed 2 bath single family home is renovated and rented. Duplex is fully renovated and 100% occupied collecting $2,325.
Duplex rents will cover holding cost while single family home is being renovated. Great location and price per unit is only $109,999
Total bed and bath count - 5 beds and 4 baths! Stabilized cap rate 10.3%!
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3 Beds 2 Baths Single family home vacant at COE
Duplex rented at $2,325 (Both 1/1s)
EMD: 10k
Single family home - 3 bed 2 bath (936 sqft)
Duplex (fully renovated) - both 1 bed 1 baths (1,300 sqft - 650sqft per unit)
Total sqft: 2,236
Yr Built: 1929
Lot size: 5,780 sqft
Appliances staying
Single family house and duplex units are all individually metered.
Duplex has a combined water bill that is spilt in half between the 2 renters each month. It is possible to separate their water billsDuplex roof: 2021
Duplex A/C: 2015
Gross rents: $4,125
Duplex currently rented at $2,325
Single family home - Vacant - Market rents $1,800
COE: 10/17
Sale Comps:
4315 ANTISDALE Street, Jacksonville, FL 32205 - SOLD - 375k - Triplex - needs full rehab
3721 ANTISDALE Street, Jacksonville, FL 32205 - SOLD - 295k - Duplex - needs full rehab
Rental comps:
3355 Corby St, Jacksonville, FL 32205 - $1,875
687 Bridal Ave, Jacksonville, FL 32205 - $1,800
4511 Ramona Blvd, Jacksonville, FL 32205 - $1,810
Wholesale Price: $329,999
ARV: $500,000+
CALL OR TEXT (480) 210-2120
All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal?
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OFF-MARKET INVENTORY
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 10K EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.
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