The main home is a spacious 4-bedroom, 2-bathroom gem in good condition, featuring a newer kitchen, master bath, flooring, and all-new hurricane windows. With a 10-year-old roof and a 6 year-old AC system, this property is a solid investment. The only areas requiring attention are the second bathroom, and the flooring, paint, and fixtures in the second and third bedrooms. Despite these minor renovations, the property is poised to yield a monthly rent of $2200 effortlessly.
Now, here’s what makes this opportunity truly special – a stand-alone apartment with a separate address and utilities! While it requires some cosmetic enhancements, including paint, flooring, and a new AC unit (currently a window unit), this space has immense potential. Once revitalized, the apartment is projected to rent for $1200-$1500, providing a unique income stream.
Main House
*4/2
* 1588 +/- sqft
* Built in 1946
* On 1/2 Acre Lot
* Average Rent: $2000-$2500
* NO HOA
* 2022 Taxes: $3278
Apartment
* 1/1
* Separate Address & Utilities
* 610 +/- sqft
* Built in 1946
* Average Rent: $1200-$1500
Closing is “within 60 days” as seller is moving to Orlando. 14-Day post close occupancy with a 5K escrow hold from the sellers proceeds. The “Apartment” is an older mobile home that needs work.
Sales Comps
* 1409 Sharonwood Ln – 3/2. 2080 sqft. Sold on 6/21/23 @ $330k
* 1062 Granger Dr. – 4/2. 2579 sqft. Sold on 5/18/23 @ $425k
- Cash Buyer or Hard Money Only
- $5,000.00 Earnest Money Deposit
- Real Estate Agents please add your Commission
- Deposit & Closing at seller’s Title Company