2 Duplexes, 4 units total.  Each unit is a 2/1
8BR/ 4BA
Year Built:   1970
Each duplex is a total of 1,176 htd.
Concrete Block
A/C – Wall Units
No HOA
If fully occupied, these units would bring in $1,890/mo.

All appliances will be included at closing.   Both roofs are in good condition.

As of 5/16/12 two units are rented for $450/mo. each. (One tenant has been there 15+ years, the other one is newer.)   2 units are rent ready but vacant.  Market rent should be $495/mo.

OWNER PAYS:  Owner pays $50-60/mo water for units  (TENANT PAYS:  Electric and any other utilities.)
TAXES for all 4 units a total of $1,873.44 for 2011.
INSURANCE:  TBD

Wholesale Cash Price…Only $65K!!
-Cash or hard money only
-Buyer pays closing costs

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CONTACT: Mitch Thomas – 407-844-5203
Investor-Orlando Home Solutions, LLC
Broker Associate/Realtor – Sand Dollar Realty Group

4 UNITS
Two-2 bed, 1.5 Bath, 1 car garage
Two-Efficiencies
3232 SF under A/C!
STUCCO
Built in 1986
Rents should be about $650/mo. for the larger units and $350 - $400/mo.  for the efficiencies.
Properly zoned and in good condition, this will make an excellent cash flowing investment.

This quad in is a good area of Poinciana close to tons of shopping and schools.  Two story units in center with 2 good size bedrooms and one and a half baths each.  Efficiencies are on either side of building.

Roof is architectural shingle and in good condition and property needs very little to be rent ready.    Property is clean and has been well-maintained. Flooring is good and much of the paint is even acceptable.  Estimated repairs should be around $1K.

Taxes: $2930 (includes multifamily fire surcharge and trash pickup.)
Assessed value is up 8% over last year meaning this area is in expansion mode.

Gross Rents: $25,200
Less Tax/Insur -$4100
Less V&C -$2500
Less Rep/reserves – $2000
Net Rent: $16,600 / $103,000 total investment = 16.1% Return On Investment or 20.5% cash on cash return if you factor out Reserves and V&C.

Investment: $99.5 purchase, $2k in repairs and $1500 in closing costs (seller is paying doc & title).

Wholesale Cash Price…Only $99.5K!!
-Cash or hard money only
-Buyer pays closing costs

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http://orlandoinvestmentproperty123.com

CONTACT: Mitch Thomas – 407-844-5203
Investor-Orlando Home Solutions, LLC
Broker Associate/Realtor – Sand Dollar Realty Group

Halcyon is an exclusive 21 unit waterfront complex built between 1970-1979 (built by owner in various stages) and is located on 1.7+/- water front acres on the East shore of Lake Lulu in the city of Winter Haven Florida which consists of (20) townhomes and (1) single family home.

Lake Lulu is on the “chain of lakes” which has 24 lakes connected by a system of navigable canals. This makes Halcyon a very valuable and desirable property. The land value alone is worth the asking price – Owner is retiring and is motivated to sell!

PARTIAL ASSUMABLE MORTGAGE POSSIBLE!!

Halcyon is located only 3.1 miles from the new Lego-Land, 34 miles from Disney World, 2 hours from the Atlantic beaches, 1.5 hours from the Gulf beaches, and only 1 hour from the center of Orlando, Florida! With the new CTX Intermodal Facilities, Wal-Mart Distribution Center, State Farm Insurance, Sherman Williams Paint, Lego- Land, Orange Juice production facilities, Winter Haven offers many jobs which lends to demand for good housing demand.

Halcyon used to be individual condos but for tax purposes the owner had them zoned as apartments.   They can easily be converted back into condos.

The 20 highly units are 1,2 & 3 bedroom units and are a nice mix of sizes as follows:
(2) studio units with 400 sq ft
(1) 2 bedroom 1.5 bath unit with 1400 sq ft
(8) 2 bedroom 2 bath units with 1500-1764 sq ft
(4) 3 bedroom 2.5 bath units with 1575-1764 sq ft
(3) 3 bedroom 2.5 bath units with 2200 sq ft
(2) 4 bedroom 3 bath units with 2235 sq ft

Income: Currently this is 100% occupied, mostly by long term tenants.  Current rent role shows approx $14,500 in monthly income.   Many rents have not been raised in years and are month-to-month.    If $18,000 you would have over a 10% ROI.   The property is at 100% occupancy with LONG TERM tenants. Rents are under market value and could be raised to bring ROI to over 13% annually.

Investment Strategies:

Cash Flow – this is a growing and developing area of Florida.   Legoland just opened this spring and until then it was pretty quiet in Winter Haven.  They bought out the bankrupt Cypress Gardens which was a minimal water attraction.  But with this new park opening, Winter Haven is starting to get the attention of developers and the locals believe it has great growth potential.

Hold then re-zone and sell:  Since these used to be individual condos and the owner had them re-zoned for apartments for tax purposes, one could snatch this up and let it cash flow until the market rises, then pretty easily have them zones back into individual condos and sell them off individually.

—– ADDITIONAL PHOTOS, INCOME  &  EXPENSES AVAILABLE —–

Management: Presently the property is owner managed. Management is available and ready to take over for 9% of income per month

TOTAL PRICE:  $1.75 Million.  Price: $750K can be assumable!
-Buyer pays closing costs
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CONTACT: Mitch Thomas – 407-844-5203
Investor-Orlando Home Solutions, LLC
Broker Associate/Realtor – Sand Dollar Realty Group

This is a really neat structure that needs a little work to bring back it’s charm but a cool duplex it will be with a little elbow grease.  Home retains much of it’s original hardware and architectural elements like doors, handrails, mouldings, etc. There is a detached single car block garage and plenty of parking in the front and the rear. Rear has alley access. Upstairs unit has side or front access. Small outside front balcony. Home may be in historic district.

Home sits just a block north of a hip shopping district with a wine bar and shops, and just a few short blocks to the downtown waterfront and marina.

Both units have central a/c systems present and appear to have updated electrical and plumbing.  Home looks structurally sound but has some areas of exterior wood that needs replacing. Roof appears good.

Wholesale Cash Price…Only $45K!!
-Cash or hard money only
-Buyer pays closing costs

Sign up for our Orlando Investment Property Updates Today!
http://orlandoinvestmentproperty123.com

CONTACT: Mitch Thomas – 407-844-5203
Investor-Orlando Home Solutions, LLC
Broker Associate/Realtor – Sand Dollar Realty Group

Huge triplex sits on over one-quarter acre lot!  Each unit is a 3 bed/2 bath, 2-story unit. One unit is currently occupied at $710/month and the other two need some work but great returns once they are rental ready.

Estimated repairs $10K:  Needs carpet, paint, touch ups and misc items to be fixed.

This is an approved short sale and ready to close ASAP.

Wholesale Cash Price…Only $89.9K!!
-Cash or hard money only
-Buyer pays closing costs

Sign up for our Orlando Investment Property Updates Today!
http://orlandoinvestmentproperty123.com

CONTACT: Mitch Thomas – 407-844-5203
Investor-Orlando Home Solutions, LLC
Broker Associate/Realtor – Sand Dollar Realty Group