I wanted to keep this home run for my own portfolio, but have too many rehabs going on at once. Let me tell you why I like it: the numbers work for multiple investment strategies. The multifamily has a huge main house configured as a 2 bed 1 bath, with 1269 SF. This can be rented up to $1100 /month or you could convert the Florida Room to a 3rd bedroom and get as much as $1450/mo.This second unit is a wholly freestanding CBS structure, a 1 bed 1 bath of 970 SF, and should rent for about $750. The duplex, built in 1951 and on an oversized lot, needs renovations of approximately $30,000. A CU has been completed and the estimate is $25,000. This is a report done by city officials to assess the property condition and estimate repairs. This property makes sense as both a fix and flip, for up to 50K in profits, as evidenced by these comps: $200,000 1390 NW 101 ST. a 4/2 duplex 2376 SF built in 1979 sold 6/20/14 cash$173,000 1970 NW 104 ST, a 2030 SF 4/2 duplex built in 1971, sold 11/03/14 cashor a buy and hold, projecting as a 14-17% cap rate deal.Rental Comps for 3/1:$1500 9523 LITTLE RIVER BL 3/1 1312 SF Built 1947 9/1/14$1450 2274 NW 87 ST 3/1 1331 SF Built 1948 8/1/14$1450 9240 LITTLE RIVER DR 3/1 1260 SF built 1950 3/7/14Rental Comps for 1/1:$950 11333 NW 12TH AVE 1/1 rented 1/15/2015$800 734 NW 80 ST 1/1 rented 10/1/14$725 934 NW 103 ST 1/1 545 SF rented 9/1/14 WATCH THE VIDEO here: https://www.youtube.com/watch?v=b3P9ACkoKgQTo see all my deals, and to get sneak previews and special VIP pricing discounts, go to http://www.iwantacheaphousenow.com. If you have a house you want to sell to me or have me help you sell it, go to http://www.dragondwellings.com
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
