3/2 & 1/1 separate structure - 1/1 has tenant with lease

[Andres Ospina]

Asking Price	$120,000	Occupancy	Rented
Deposit Required	$10,000	Occupancy Notes	The back unit was just put under lease for $800. Security deposit is $400. Tenant pays utilities.
Frame/CBS	CBS	Lease Information	Lease
ARV Minimum	$170,000	Rental Amount	$800
ARV Maximum	$180,000	Estimated Rent	$2,300
Property class	Duplex	Security Deposit	Yes
Bed	3	Lockbox/Tenant information
Bath	2	Access to House	Appointment only
Bed 2	1	Home Owners Association	No
Bath 2	1	H.O.A. Community Name
Bed 3		H.O.A Contact Name
Bath 3		H.O.A Contact Number
Bed 4
Bath 4
Parking	None
SQ Feet - Living Area	1,616
Central/Wall Unit	Central Air
Year Built	1937
Pool
Rehab Amount Min.	$8,000
Rehab Amount Max.	$10,000

The property is in good shape, but the front unit will need new flooring throughout, one window will need to be replaced and a few cosmetic updates will be needed in the bathroom.

Charming duplex located in Liberty City. The property consists of a 3/2 and a detached 1/1. It is privately fenced in and has tons of curb appeal. The property can be offered at a whopping 13% CAP rate after rehab. This a great opportunity that will not last!

***Buyer agrees to assume property with current occupant/s. Leases will be provided prior to closing. Buyer agrees to assume property with open code violation - CE2015002837- Illegal units – Roughly 92k Lien owed *** The zoning calls for two units on the property however the back unit was done without permits and needs to be legalized. Zoning T3-L : single-family home with an accessory unit (sometimes called a “granny-flat”); Left side of the house was a converted carport that is frame. Everything else is CBS. Two meters