–Subdividable Lots with 3/1 Building —
—Easily Subdivide and Develop for Extra Profit —
—Rent it out for a nice 16.59% CAP Rate —
- Asking: $90,000 OBO
- After Repaired Value is: $165,000 (just for the renovated building, subdivided lot would be additional profit for you!)
- Subdivide the lots and do two new builds or renovate the existing building and sell the additional lot!
- Average Rent in the area is: $1,823
- Rental Cap Rate after rehab: 16.59% if (owner pays taxes/tenant pays utilities)
2 Lots 2 Buildings, House is a 3/1 Total 1265 sqft / Under Air 961, built 1960 CBS, lot 9000 sqft, originally Zoned as a duplex. this property sits on 2 lots that can easily be subdivided. keep original structure on one lot fix it up sell it. put up a new house on other lot for pure profit. property needs a full renovation.
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Please note all properties are sold to cash investors only
(cash, hard money or Private Money Loans only no mortgages)
Please note all offers must be with zero contingencies (no inspection period or any contingencies)
Realtors – please add your commission to our price!
Please inspect the property prior to submitting your offer.
All properties are sold “As Is”. Your offer will be considered accepted and the property will be marked “sold” only when we have:
- A signed and executed purchase and sales contract
- A deposit from you at our title company Independence Title (wire only no checks)
Please note that most of our properties sell at or above asking price
We get multiple offers on our wholesale deals often within a few hours of sending out our email blast. Low ball offers will be automatically rejected.
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Cash Purchase Only. Buyer to pay all buyer and seller closing costs. Closing to be conducted by Independence Title.
Please do not disturb occupants. All showings, if available, to be coordinated by Sunshine State Investment Properties.