NEW PRICE on Package Deal...Three for the Price of One!!
We have an equity interest in this property and are selling the contract.
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Vine Lane, Lakeland, FL
INVESTMENT: $93,000
ARV: $107,000 +/- Each
Rental Income: $2,700 +/- month
ARV Rehab: $30,000 +/- Each
3 Properties...each with 2 Bedrooms 1 Bath
936 / 984 / 1,067 SqFt
Built: 1955, 1958, 1966
Construction: Block
HOA: $0
These properties are located in an established neighborhood steps away from Lake Parker. Two of these homes have large fenced in yards. All three are convenient to major roadways for an easy commute. This package deal is the cheapest price per door at $31,000. Approximate ROI is $101,600 profit as a package for a flip. Buy & hold cash flow of $2,700 +/- monthly.
1 0 2 0 Vine Lane Lakeland, FL 33801 is the nicer of the three and will need less to get rent ready. Kitchen, bathroom, roof and fascia board, A/C, paint, flooring, and landscaping.
1 0 3 3 Vine Ln, Lakeland, FL 33801 Will need everything listed above plus windows, doors, and masonry work on the carport. Adding a bedroom to this home would help.
1 0 4 4 Vine Ln, Lakeland, FL 33801 will need a full rehab and there is plenty of room to add a third bedroom.
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