Four Houses Zoned Commercial | EquityPro
71
12.9% Estimated APY
$149,900 Investor Price
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91 Ben Yonge
104 Bob Tosi
198 Cesar Sagastume
228 Chris Chuck
199 David Sheehan
105 Jason Bobbitt
211 Jeremy Howells
107 John Barber
203 Jonathan Rokh
196 Josh Black
208 Mike McKernan
218 Rene Droz
179 Rusty Longaberger
210 Shakira Thompson
227 Shaun Rourke
224 Tobin Williams

Four Houses Zoned Commercial

8 bed / 4 bath4,016 sq ft Built in 1950Commercial
View Map Mulberry
1106 E Canal St, Mulberry, FL 33860
71
Occupancy Status
Low High
9/20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
10/10
Property Details

This investment consists of (4) separate block constructed single family homes. All four properties sit on one parcel and are zoned for commercial use. They are located directly off of Highway 60. Highway 60 is a very well traveled road through multiple cities across Polk county and further, from Tampa to Vero Beach. These units will rent very quickly and potential tenants will benefit from a very high traffic count resulting in quite a bit of "Drive By" advertising. Investors in the area who have purchased similar properties are expecting accelerated growth and are catering to small business owners like law offices, hair and nail salons etc. With such a central location in Polk county, this one has a lot of options. This property is a great fit for any investor looking to break in to the commercial investment side of this business. Commercial opportunities in this price range always receive a lot of interest. Contact your REI Advisor at EquityPro for more information or to schedule a showing.

We recommend rent
Rental Income
$3,200 mo. / $38,400 yr.
Investor Price
$149,900
Closing Costs to Buy
$2,500
Rehab Projection
$60,000
Utilities
$5,000
Property Insurance
$3,000 / yr.
Estimated Taxes
$3,017 / yr.
Property Management
$3,840 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$28,043
Projected Income
12.9%
Estimated APY
After Repair Value
$240,000
Investor Price
$149,900
Closing Costs to Buy
$2,500
Rehab Projection
$60,000
Utilities
$5,000
Closing Costs to Sell
$1,000
Listing Agent Commission
$7,000
$14,600
Total Projected Profit
6.48%
Estimated ROI

Comps

Listed
Pending
Sold
1012 E CANAL ST, MULBERRY, FL 33860 $299,900
3 bed / 2 bath 1,486 sq ft
403 N CHURCH AVE, MULBERRY, FL 33860 $40,000
2 bed / 1 bath 1,672 sq ft Sold 12/28/16
Flip Rehab Details
Interior
Other
$60,000.00
Build-out for each unit. x4
Rent Rehab Details
Interior
Other
$60,000.00
Build-out for each unit $15k