Lake County Block Duplex 2

Lake County Block Duplex 2

4 bed 2 bath 1540 sq ft Built in 1984 Multi-family
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71
Occupancy Status
Low High
11 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Amazing opportunity with this concrete block duplex located in Leesburg, FL. This is one of the lowest-priced multi-family properties to be offered in Lake County all year. The property consists of 2 units, each with 2 bedrooms and 1 bathroom. Currently, 1 unit is vacant. The other is occupied by a tenant through February 2024 at $1000 per month, just under the market rent rate. The new owner just needs to finish the updates and place a tenant in the vacant unit to maximize cash flow. Easy cosmetic rehab gets these units rented making this property a valuable addition to your portfolio. Call your EquityPro advisor today to secure this investment!

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We recommend rent
Rent Flip
Rental Income
$2,300 mo. / $27,600 yr.
Investor Price
$194,900
Closing Costs to Buy
$5,000
Rehab Projection
$12,200
Utilities
$250
Property Insurance
$1,700 / yr.
Estimated Taxes
$1,590 / yr.
Property Management
$2,760 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$21,050
Projected Income
9.91%
Estimated APY
After Repair Value
$280,000
Investor Price
$194,900
Closing Costs to Buy
$5,000
Rehab Projection
$46,800
Utilities
$250
Closing Costs to Sell
$12,600
$20,450
Projected Income
7.88%
Estimated ROI

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