Deltona Rental Light Rehab Under 80K!
We have an equity interest in this property and are selling the contract.
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Gerona Ave, Deltona FL 32725
INVESTMENT: $79,500
Rents: $900/month +/-
ARV: $110,000-125,000 +/-
Rehab: $20,000 +/-
2 Bedroom 1 Bath 1 Car Garage
1,024 SqFt
Built: 1966
Construction: Block
HOA: $0
Concrete block home that would make a great cash flow rental. The house is close to being rent ready it just needs a refrigerator but it may need a roof in the near future and could use a fresh coat of paint. The flooring looks great and the bathroom has just been updated. It has 2 good sized bedrooms and a nice sized Florida room. It can be flipped with an updated kitchen, a new roof, paint and landscaping. Comps support around $105-$110 ppsf for an ARV of around $110,000 but there is a similar 2/1 that is smaller and is pending for 125K.
All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.
Buyer will be responsible for all closing costs unless otherwise indicated.
Foster Algier
Broker - Gold Key - G.R.I.
FLA Real Estate Services