Beds: 2 Baths: 2 Sq. Ft: 1596
ARV: $300k-$320k Repairs: $50k-$70k
Check out this super cheap home in the College Park area. This corner lot home is one of the lowest priced homes in the area and the lot is big enough to put a duplex on it. The lot is 50×118′ which should allow to put between at 1500-1800 sqft per side duplex. This home is also a great flip. The home needs overall updating. The roof is from 2004 but may have a few issues and we have included it in the rehab numbers. The home has newer windows and newer hardi-board siding. The home is currently used as a medical file storage facility and there are SO many files in there that it has caused the floors to sag a bit. The renovation includes new flooring, paint, kitchen and bathroom updating, possibly a roof and some re-configuring(converting from a 2 bed to 3 bed) to get the best floor plan. For max value we would add a 2 car garage to the back. Comps on this one are in the $300’s and even with a hefty rehab of $50k without a garage or about $70k with a garage you are still only at 75% of ARV. Several new townhomes a block away being built and selling for between $300-$315k for 1700-1800 sqft. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
- 1603 Tulane was a 4/1.5 and sold on 12/16 for $267k. The house has clean but the main part was not updated. There seemed to be an addition on the back that looked good but layout appeard choppy.
- 1608 Tulane is a 3/2, 1312 sq ft with no garage. It is pending for $234,000 and appears to be lipsticked but is not a reno.
- 1601 Bryn Mawr St is a 2/2, 1215 sq ft and just came on the market 2 days ago for $265,000. Home is renovated but not a flip.
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