Calling all Investors------Handyman Special------Great Multi-Family Investment Opportunity. Package deal that includes 3 Parcels for a total of 2 Acres, 2 Block Homes, 2 separate septic tanks, with a 4 inch deep well. All 3 Parcels come with a Warranty Deed and Title Insurance Policy. Deal is as follows. Parcel #1 14208 91st ST Archer, FL 32618 Repairs needed include, Roof needs to be re-shingled. House has been gutted and needs a total remodel. Land: 1 Acre Block Home 528 Sqft. 1 Bedroom 1 Bath Own Septic. Shares a 4 inch Deep Well. Taxes: 2022 $1,087.61 ARV: $130-$160K Estimated Repairs: $15-18K Rent Rate potential after Repair- $1,000.00-$1,200.00 Parcel #2 14112 91st ST Archer, FL 32618 Repairs needed are as follows: Needs a total Roof Replacement. Home needs to be updated, repaired and brought up to code. Land: .68 Acres Block Home: 1587 Sqft 3 Bedroom 2 Bath Own Septic Shares a 4 in well. Taxes: 2022 $ 1,802.97 ARV: $170-$200K. Estimated Repairs: $75-$80K Rent Rate Potential after repair- $1,800-$2,000.00! With potential to add an additional $35-$50K in additional equity to the ARV after repairs for a total ARV of $250k after repairs for Parcel #2. That would bring the ARV total for Parcels 1 and 2 after repairs have been completed on both Block Homes to $410K, potentially. Parcel #3 #07406 007 000 Vacant Land that is adjacent to Parcel #2 and has an easement for the land behind these 3 combined Parcels. Land::.32 acres Taxes: 2022 $200.70 Quick recap of the deal totals. Acquisition Price- $165,000.00 CASH Estimated Repairs: $98,000.00 Total Investment: $263,000.00 ARV------------------$410,000.00 Total Investment: $263,000.00 Potential Profit: $147,000.00. Potential monthly Rental Income: $2800.00-$3,000.00 Combined Taxes: $3091.28 Pictures include both block homes and all 3 parcels for a total of 2 Acres. Please call to schedule a showing.
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