PENDING – Uona Ave, Orlando, FL 32835

1

Beds: 3   Baths: 2    Sq. Ft: 1,502

ARV: $105k   Repairs: $10k- $15k

$59,900+cc

Get your ski mask ready, because this home isn’t a deal, it’s a STEAL!  Where else can you find a 3 bedroom POOL home, with a garage, sitting on 2.5 lots for under $60k?  The last time this house was for sale, it sold for a whopping $203k in 2005! In fact, this home hasn’t sold for this cheap since 1983. A little TLC will make this home shine and ready to make you $1,100 a month in rent.  However, there is enough margin for a flip if you’re willing to do the work.  With new construction going up just one block over,  there is potential to sell a piece of your lot to a builder or even build another home yourself!  Additionally, this home is zoned for A rated Chain of Lakes Middle and A rated Olympia High School.
Property features include; a sturdy architectural shingle roof, several newer windows, tile flooring in the common areas, brick wood burning fireplace, screened in pool area and a double lot. Rehab: 10-15k: Interior paint, repair broken windows, appliances, flooring in bedrooms, install remainder of kitchen cabinets, pool maintenance, install new electric panel, a/c unit, septic certification, misc. cosmetics. Rent Comps: Similar homes in the area rent for an average of $1100/month, resulting in a gross ROI of 18% after purchase price, rehab and closing costs are combined..  Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

For additional photos Click Here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s