Alachua Lot at Assessed Value

Alachua Lot at Assessed Value

0 bed 0 bath 4791 sq ft Vacant Land
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56
Quality of Comparables
Low High
18 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
11/20
Quality of Floor Plan
Choppy Flowing
10/20
School Rating
F A
2/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

This .11 acre lot is located in Alachua, FL, about 20 minutes from Gainsville and provides investors with multiple exit strategies. For 3 bedrooms and 2 bathrooms, and around 1,200 square feet, new homes on the market sell for around $245,000. Investors could build a similar new home for around $170,000, including lot clearing and utility hook-ups. This option would generate a 25% ROI, which is just under $45,000 in profit. Newer mobile homes are selling for around $195,000. Or, an investor could put a new mobile on the lot for around $135,000, including lot clearing, delivery, installation and utility hook-ups. This option could also generate a 25% ROI, which equates to just under $40,000 in profit. The last exit strategy is to place an older mobile home on the lot and hold it as a long-term rental. With an anticipated rental rate of $1,300 per month, this property could generate an estimated 10% APY, which is over $10,000 per year in revenue. 

Another great feature of this lot is both the land value and assessed value are $12,000. Deals with this many lucrative exit strategies are rare. Do not miss out on this one. Contact your EquityPro Advisor today. 

Parcel ID# 03316-037-000

Property Appraisers website: 

https://qpublic.schneidercorp.com/Application.aspx?AppID=1081&LayerID=26490&PageTypeID=4&PageID=10770&Q=2121709914&KeyValue=03316-037-000

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We recommend flip
Rental Income
$1,300 mo. / $15,600 yr.
Estimated Taxes
$1,000 / yr.
Maintenance
$600 / yr.
$11,440
Projected Income
10.08%
Estimated APY
$37,725
Projected Income
23.99%
Estimated ROI

Comps

 
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