www.InvestorsGoldmine.com |Downtown Orlando| $89,000 | Rent= $1000 | ROI 11%

www.investorsgoldmine.com

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Downtown Orlando| $89,000 | Rent= $1000 | ROI 11%

$89,900 2 bd, 1 ba, 736 sqft

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Call Gene anytime 407-781-7312

Property overview, located in the highly coveted Boone High School District, this is a great opportunity to purchase the cheapest property in the entire 32806 zip code. This adorable bungalow has been well maintained, but just needs some TLC to make rent ready, and wth similar homes fetching upwards of 175 a square foot, there’s more than enough equity to satisfy the most discerning of investors. Rents in the area can garner you an easy 1000-1100 a month, and that coupled with super low taxes, and no HOA equates to an easy double-digit return.  Vacant lots in the area selling for around 60k, there is an opportunity for future land development as well.

Property features, newer windows, fully intact a/c system, cozy front porch and a large fenced in yard with shed.

Rehab: 15-20
Flooring, paint, kitchen renovation, new bathroom configuration and metal roof.  The current roof was placed in 2004 and is not  leaking; however, it will probably need to be replaced in the next 12-24 months.

Property Details

Price:

$89,900

Address:

Melvin Ave

City:

Orlando

State:

FL

Zip Code:

32806

Year Built:

1917

Terms:

For Sale

Property Type:

Home

Square Feet:

736

Bedrooms:

2

Bathrooms:

1

Basement:

None

Const. Type:

Frame

Additional Features

Ppsf: 122.00 Tax/Yr: $604 Septic/Sewer: Sewer HOA: n/a County: Orange Avg Rent = 1050/mo Gross Rent ROI = 11%

Call (407) 781-7312 for more details