1227 SUNSET POINT ROAD

$ 365,000
1227 SUNSET POINT ROAD, ,

Overview

  • Updated On:
  • September 26, 2024
  • 1,750 ft2
  • 0 ft2
  • 4 Rooms
  • 5 Bedrooms
  • 3 Bathrooms

Description

*Only accepting offers that close after 1 Jan 2025* Rare investor special in the coveted Brentwood Estates! Two standalone properties for the price of one. The landlord’s early retirement offers you the unique chance to snatch up this currently income producing asset with an as-is cap rate of 8.9! Rent them both or live in one and rent the other for truly passive income.
Rent both move in ready units out as a duplex, or live in the cozy 3-bedroom, 2-full bathroom, plus den main home and rent out the separate 2/1 detached back home for endless passive income. Both properties have been professionally maintained, with service records available. Currently zoned for multi-family. Both units occupied month to month. Easy to show.
Cons: Roof 23 years old, AC & WH age unknown, but functioning normally.
Investor notes:
Flip potential: $585k ARV, with new roof, modernized kitchens and open floor plan. Estimated 60-90k in upgrades.
Current LTR rental gross: 2900 /mo. Market rent without rehab estimate: $3,600 /mo, with only light nearby competition. STR estimate both units combined: $53.4k yrly gross, at 262 /night (discounted for 31 day plus rental mins), with only 56/100 occupancy.
No HOA/CDD. Feel free to soft pitch purchase agreements to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment.

Property Id : 6474943
Price: $ 365,000
Property Size: 1,750 ft2
Property Lot Size: 0 ft2
Rooms: 4
Bedrooms: 5
Bathrooms: 3
Bathrooms Full: 3
Bathrooms Half: 0
DaysOnMarket: 346
Directions: From Edgewater State Park: Head south on US-19 ALT S for 200 feet. Turn left onto Sunset Point Rd. Property on right after 0.6 miles.
Flooring: Laminate,Tile
Heating: Central
Levels: One
Lot Size Area: 5972
ParcelNumber: 032915366660020050
Roof: Shingle
Sewer: Septic Tank
SpecialListingConditions: None
StateOrProvince: FL
YearBuilt: 1940
Other Features
Ceiling Fan(s)
Eating Space In Kitchen
Has Cooling System
Has Heating System
Other
Range
Refrigerator
Address: 1227 SUNSET POINT ROAD
State/County:
Zip: 33755
Country: US
Open In Google Maps
$ 1,871.43
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,415.18

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