PENDING – N Hyer Ave, Orlando, FL 32803

Beds: 4    Baths: 2    SqFt: 1810

ARV: $450k-$500k    Repairs: $60k-$80k 

$289,000+cc

Awesome downtown 32803 Mills/50 flip opportunity. This 1810 sq ft block construction mixed use property is a stones’ throw from the brand new Hillcrest Elementary currently being remodeled, the new hip Lineage coffee shop and Lazy Moon Pizza on Colonial.  The property was previously used as a daycare but the savvy investor could easily update the floor plan to make it a 4 bedroom, 2 bath open-plan home. This 1950’s home has great bones and huge potential. Additionally, since this is zoned mixed-use commercial, the renovation could be much simpler to turn this into the perfect attorney, CPA, financial company office. There is also a large florida room in the back that could be added to the sq footage to make even more money.  At $159 a square foot there is plenty of spread for the experienced investor. Single-family similar sized homes in this neighborhood go for $250 a sq foot minimum. Only 6 homes have sold cheaper than this in the past 6 months within a half radius and they were all much smaller. With various money making avenues this flip is a no brainer in the current market. This is the worst house on a beautiful street and we all know that means money!!!

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