$119,499

1628 Sue Drive 0

Cocoa FL, 32922

Description

INVESTOR ALERT w/potential 13.45% ROI once remodeled!! There are 2 duplexes consisting of a total of (4) 1 bedroom/1 bath units that sit on one parcel of land (0.39 acres). There are two water meters (paid by the landlord and included in the rent) along with 4 electrical meters for each unit. 1630 Sue Dr. (west building) has recently gotten a new roof, septic tanks and drain field (see document section for recent invoices). 1628 Sue (south building) needs a new roof, septic & drain field, odd's and ends. Both currently rented one at $550 and the other at $450. The tenant paying $450 helps with the repairs and property management around the units so his rent might be discounted or even traded for labor from the sounds of it. I have attached a CAP rate proforma to help justify the numbers

Details

MLS#867691
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site14

Features

SQ Feet1,636
Units4
Building(s)2

Market Activity 32922

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Area Information

StateFL
CountyBrevard
CityCocoa
Zip Code32922
Area212 - Cocoa - West of US 1
Listing VS Median (in 32922)
Price:
$119,499
low | high
Med:
$75,000
87.237968518565% of Average
SqFt:
1,636
low | high
Med:
784
100% of Average
$ / SqFt:
$73
low | high
Med:
$97
17.654264213022% of Average
On Site:
14
low | high
Med:
277
5.054151624549% of Average
Listing Updated: 02/24/2020
MLS Number: 867691
Listing Provided By:
Nathan Doyle  of  ITG Realty

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