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:
- Buyers must conduct their own due diligence.
- Properties are sold “AS-IS” without an inspection period.
- Buyer pays all closing costs.
- We sell assignable purchase contracts.
- No written or oral representations are made about the properties.
- A non-refundable earnest deposit is required.
- Proof of funds will be requested.
- We do not offer warranties on the property.
- We are not licensed contractors or appraisers.
- The seller holds an equitable interest in the property.
For properties under contract and for sale:
- Offers are cash or private money only.
- A minimum non-refundable deposit is required.
- Properties are sold “AS-IS” without contingencies.
- Buyers must conduct their own due diligence.
- Buyer pays all closing costs.
- Rehabilitation costs, taxes, and insurance are estimated.
- Open or expired permits are not a title defect.
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