Updated over 9 years ago on . Most recent reply
Massive Cash Flow After Repairs
We are selling our assignable purchase contract on the property below.
8001 Griffith Ave
Pensacola, FL 32534
This property has two rental units on site. The house needs a couple thousand in work before renting out and it alone justifies the asking price. My recommendation is to fix up the house and get it rented out, then allow that to cash flow while the trailer is renovated.
3 Bed / 1 Bath House
901 Sq Ft
Built in 1945
Was rented for $750 / mo
3 Bed / 2 Bath Double Wide Mobile Home
1700 Sq Ft
Will rent for $800 / mo after renovation
Estimated Repairs
This is not for the first time flipper or turn key landlord. This property needs renovation, the single house is livable now but needs some work. The trailer had a fire inside and the smoke damaged the interior of the house.
Combined rental rate of $1,500 / mo easily
Wholesale Price = $25k OBO
This property is vacant on a lockbox so if you are interested in seeing it email or call me for the combo.