PENDING – Essex Pl, Orlando, FL 32803

Beds: 2   Baths: 1.5    SqFt: 1399

ARV: $359k+    Repairs: $60k

$227,000+cc 

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Amazing downtown Orlando flip deal in 32803 near Lake Como! Needs just about everything and then some (repair breakdown below), but if you put in a nice renovation and finish off some of the additional sq footage that is already under the roof line you should increase the ARV to at least $355k after $60k in renovations. The added space should allow for another bedroom, which will allow you to fully maximize the value of this property.  There are new construction homes a block away for the upper $600’s-upper $700’s.

Comps:

  • 1704 Antigua: 3/2, 1483sf, not updated, sold in less than a month for $330k, $222/sf
  • 2117 Buckminster: 2/2, 1346sf, updated, sold in 2 days for $325k, $241/sf
  • 2220 E Gore – 3/2, 1298sf, updated, sold in 5 days for $320k, $246/sf

 

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