Eustis Duplex Priced Below Market

Lake County, Eustis, FL, 32726
Sold
Listed at: August 9th, 2023
Price
$225,000
ARV
$300,000
Gross Margin
$75,000
Sq. Footage
1350
Type
Multifamily
Parking
Driveway
Year build
1949
Lot size
0.20 acres
Bedrooms
5
Bathrooms
2.5
Half Bathrooms
0
Summary
We have a direct contract with the seller and a NOI has been recorded against the title for this property. Contacting the seller directly will not result in you obtaining a purchase contract.


Investor Price. $225,000

Retail Value ....$300,000

Gross Margin .$...75,000

Estimated Value

Est. Value Range High: $310,000
Est. Value Range Low: $260,000
Est. Full Market Rent: $3,000

Property Details

Unit 1: 2 Bed 1 Bath
Unit 2: 3 Bed 1.5 Bath
Rehab Level: Light - Moderate
Construction: Block on Slab
Electrical Panel: Good Condition
Air Conditioner: Fair Condition
Water Heater: Good Condition
Roof: 2015
Occupancy: Month to Month tenants paying $2,000

3D Walkthroughs

Unit 1: https://my.matterport.com/show/?m=nLd5ehsWZx4

Unit 2: https://my.matterport.com/show/?m=uGtNnoQK952

Comps

109 East Key Ave - 4 / 2 / 1,974 sqft - SOLD $340,000
17 North Mary St - 3 / 2 / 1,312 sqft - SOLD $240,000
6 Dewitt Court - 3 / 2 / 1,129 sqft - SOLD $231,200

*Do not disturb occupants or walk on property. Trespassing is a criminal offense.
***DO NOT re-market this property under any circumstance without consent. Tru REI LLC is a principle in all assets that we market for sale and will vigorously defend our position in a court of law.*** All information and estimates are provided as a courtesy and should be confirmed by the Buyer. Tru REI and its associates are not liable for the accuracy of the information.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brittaney Perez

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Disposition manager