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 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.
