Beds: 4 Baths: 2 SqFt: 1474
ARV: $479k – $1M (Build) Repairs: $45k
No matter how you slice it up, it’s hard to go wrong with this deal. Situated on a brick street, where million-dollar homes already exist, and more being built, this home is by far the best deal winter Park has to offer. With similar, dated homes getting scooped up by builders, one could do a basic rehab and cash flow while continuing to build equity as the land values increase. Additionally, you could do a flip rehab or simply tear the existing structure and build a brand-new home. Considering that much smaller homes are selling for higher than the subject property and new construction selling near $400/sq, one should not doubt the opportunity this deal presents. Property needs a New roof, Int/ext paint, texture ceiling, update flooring, update kitchen and bathrooms, SS appliances package, cosmetic updates throughout, new paver driveway and a landscape package.
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