4-Plex

We are wholesaling with an assignable contract for a quadruplex in Lake Whales, FL. Each unit is 2 bed/1 bath. It is a full rehab. Our GC quoted $90K for repair. The ARV is $408K. The rent in the area for a 2/1 is $850. Our price is $180K net. It has 4 separate meters, plumbing is updated and the demo is already complete. The property is on a 1/4 acre corner lot that can be subdivided and built on, sold etc. Great neighborhood with a bike trail in front of the property. Walking distance to a beautiful lake and a baseball field. We are offering it for sale as our crews are spread thin at the moment. We are not desperate as we are planning on doing the work ourselves. This offer will not last long as we look to add more people to our crew.