Lofty 440 Louden Ave

Renovated Duplex located half a mile from the ocean in Dunedin, Florida

Offering Details

The owner and Property Manager, Alec Vanbeek, is selling a portion of his equity on the Lofty Marketplace.
This property has a loan of $297,666.70. View the current loan balance here
The Rental Yield is based on the equity value of $151,850 (Total Investment Value minus Debt). As Alec pays down the debt payments himself in full, his equity percentage in the property will increase and the equity percentage of investors on Lofty will decrease proportionally.

Fully occupied Duplex located just a half-mile from the ocean
Updates include a new garage roof, two new AC units, new water heater, new appliances, and new flooring & paint
Includes a detached, oversized garage at 1,080 sq ft which is rented by one of the tenants
Dunedin is home to unspoiled islands, white-sand beaches, miles of trails, and a lively, bike-friendly downtown of quaint shops, craft breweries, and independent eateries
Alec is providing a credit of $6,650 for a new roof, based on this estimate, once the current roof reaches the end of its expected life
Items repaired from the inspection report can be viewed here

Unit A
- 1 year lease (01/12/2024 - 01/11/2025)
- $1,425/month
- $1,400 Security Deposit
- Lease Agreement
Unit B
- 1 year lease (01/01/2024 - 12/31/2024)
- $1,300/month
- $1,300 Security Deposit
- Lease Agreement
Garage Unit
- 1 year lease (01/01/2024 - 12/31/2024)
- $500/month
- $500 Security Deposit
- Same tenant as Unit B
- Lease Agreement