Value of Triplex is 230k Surrounded by canals, this is a very desirable area. The back unit is a 2/2 - needs complete rehab. 987 sq ft. There is a major foundation issue, which we already have the engineer/permit, scope of work ready to go for you. Total cost is $26k (You may be able to get cheaper. This is the first and only estimate we had done) Once all the work is done, you will have to put in new floors, small kitchen, bath, some roof work as well. Should be around $10k Middle unit is rented for $675 2/1 Front unit is vacant. No work really needed to rent out. Maybe clean out and some simple repairs. 2/1 In order to figure out Value- take a look at 2 Fawn Lane (same exact Triplex with 1 less bath, tiny bit smaller) Zillow at 230k Units will rent for 750 per month fixed up. $2250 month income!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
