Ecologic

PRICE: $229,900 ·

ARV: $ ·

Units: 2 ·

Beds: 4 ·

Baths: 2 ·

Sqft: 900 / 700 ·

Year Built: 1966 ·

Comp: $230,000 - $297,000

Carpenter Rd, Orlando, FL 32833

Description

This attractive property in East Orlando, near Avalon Park, offers two units on one lot. The front house features 2 bedrooms and 1 bathroom, currently rented for $900 per month, with a long-term tenant who has been there for 14 years. The back unit is a 2-bedroom, 1-bathroom manufactured home, leased for $700 monthly. With some minor updates, you could increase the front block home’s rent to $1300 and the back unit’s rent to $900. A brand new water well was recently installed, benefiting both properties.

  • Front Unit: The front house is a charming 2-bedroom, 1-bathroom residence, well-maintained by a reliable tenant for the past 14 years. The prime location, just off Colonial Drive, ensures high demand in the area. With some simple updates, this house could achieve a rent of $1300 per month, making it an excellent opportunity to increase cash flow.
  • Back Unit (Manufactured Home): The back unit is a cozy 2-bedroom, 1-bathroom manufactured home. It is currently rented for $700 per month, presenting an attractive investment opportunity. Just like the front house, with some minor improvements, you could increase the rent to $900 per month, further enhancing the income potential.

 

This property is an excellent investment with instant cash flow and the added value of a new water well. Its location near Colonial Drive and Avalon Park makes it an appealing choice for potential tenants. Don’t miss this opportunity to secure stable income and a promising investment in today’s real estate market. Contact us for more information and seize this offer!

Disclaimer:

Terms and conditions applicable to all transactions:

  1. Buyers must conduct their own due diligence.
  2. Properties are sold “AS-IS” without an inspection period.
  3. Buyer pays all closing costs.
  4. We sell assignable purchase contracts.
  5. No written or oral representations are made about the properties.
  6. A non-refundable earnest deposit is required.
  7. Proof of funds will be requested.
  8. We do not offer warranties on the property.
  9. We are not licensed contractors or appraisers.
  10. The seller holds an equitable interest in the property.

For properties under contract and for sale:

  1. Offers are cash or private money only.
  2. A minimum non-refundable deposit is required.
  3. Properties are sold “AS-IS” without contingencies.
  4. Buyers must conduct their own due diligence.
  5. Buyer pays all closing costs.
  6. Rehabilitation costs, taxes, and insurance are estimated.
  7. Open or expired permits are not a title defect.

We appreciate your loyalty and trust.

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