Back on market! Here is a 4 bedroom 2 bath home with over 2,100sf, a large 11 foot deep inground pool, and sits on 3/4 acre. We have cleaned out and pressure wash the pool but it still may need resurfacing. You will also need flooring , paint in and out, interior doors, and trim. You will want to update the kitchen and baths as well. Roof is good.
This property is very difficult to comp based on the size of the home, the fact that it’s on 3/4 of an acre, and that it has a pool. Trying to find rehabbed comps in this scope was not easy, so I had to go a year and a mile to find anything similar. That being said, 110/sf is not that difficult to see obtaining on the retail end.
This 3/2 brick home sits on a third of an acre lot in a really nice area close to Stetson University. We are priced right over 50 cents on dollar.Property is going to need some work including but not limited to a new roof, flooring throughout, new kitchen, baths, electrical, landscaping, etc. The plumbing was upgraded on one side of the house but will need to be completed on the other side. The house sits off of the ground, so a lot of the work can be run under the house, great decreasing the cost.Comps range, but most of the rehabbed comps are selling between 114 and 125/sf. You have a non-rehabbed house on the same street that is a little bit bigger, sold for 172k in 3 days. Using the lower end of the spectrum would give you an ARV of 150k. If you went on the higher end would put you at 165k.
This total rehab is a great opportunity to challenge yourself and see what you are worth. This property needs an absolute rehab, except maybe for the siding which surprisingly seems to be in good shape. This property sits on a nice corner lot and is located near Historic Deland and 6 minutes away Stetson University making it a great entry level home after rehab. If you are brave enough to take on the challenge go ahead and make me an offer!
Deland flip on more than a half acre of land! House is not in terrible condition at all as it sits. There is an additional 400 sf or so in the back of the house that has been enclosed but needs to be put under air and permitted. If you do this, you can increase your potential profit significantly. Other than that, house needs flooring, bath updates, some kitchen work, paint and removal of the jacuzzi in one of the bedrooms. Roof looks good. Comps are a bit hard due to the type of area you are in, but with 1,800 + square feet on a half acre and rehabbed, I don’t see why 199k or more is unattainable. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
DELAND FLIP ON MORE THAN A HALF ACRE OF LAND! THIS 3 BED 2 BATH 1 CAR BLOCK HOME LOCATED IN THE GOLDEN HILLS SUB-DIVISION OF DELAND NEEDS MINOR COSMETIC WORK FOR A CASH FLOW RENTAL & STANDARD EQUITY FLIP UPDATES TO EXTRACT THE VALUE! LOCATED IN A PRIVATE NEIGHBORHOOD THIS HOME FEATURES A SPLIT LAYOUT & IS LOCATED MINUTES FROM SHOPPING, RESTAURANTS, ENTERTAINMENT & MAJOR HIGHWAYS FOR TRANSPORTATION! REHAB INCLUDES ROOF, PAINT IN/OUT, MINOR FLOORING UPDATES IN COMMON AREAS, APPLIANCES IN KITCHEN & COSMETIC UPDATES THROUGHOUT. CLICK LINK FOR SALES COMPS & PICS! CALL NOW BEFORE IT’S SOLD! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Cash flowing Deland property with flip potential! Check out this 3 bedroom 1.5 bath, block home that is super clean and just needs plumbing issues fixed and appliances! Property has new AC unit, inside and out. Tenant is currently paying $750/mo, but currently has no water on, on the property. His sick grandmother lives next store and is taking care of her, and he is using her water. Kitchen and bath rooms look good, some small minor touch ups needed. Plumbing issues are the main concern. No HOA. Taxes are $883. ROI 12% after repairs, taxes, and insurance. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Deland rental with equity! This property has been very well taken care of by the tenant. The tenant has been in the property for 15 years and the only updating requested is new carpeting in the bedrooms. The tenant is section 8 and currently pays $600 per month with a lease expiring at the end of April. The current rent rate is well below market value. The property features 2 bedrooms, 1.5 bathrooms and a carport. Super clean rentals don’t last long. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Flip this SFH located near Stetson University and Downtown Deland. This block home built in 1956 is currently a 2/2 with 1,988 sqft of living space but the bonus room was originally the garage and converted to a bedroom but then converted to a workshop. This could be made back into a third bedroom or a garage. Part of this home has already been renovated with teak wood flooring, custom tile in the master bathroom along with oversized tub and shower. This property also features a fenced in back yard with lush tropical landscaping, a huge deck for entertaining, a screened in porch and a pool. The home needs paint, window, roof, kitchen, 1 bath upgrade, pool, and convert storage back to 3rd bedroom. Finish upgrading the rest of the home and sell at an ARV of $230k. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
539 W Minnesota Ave – 4/2, 2,053 SqFt, Built 1925, No Garage, No Pool, Renovated – SOLD on 8/10/2015 for $237,500
Recently Rehabbed Deland Rental. Come check out this 4 bedroom 2 bath home that was built in 1971 and sits on a large fenced lot. This property was rehabbed in 2012-2013 by the owner with all new electrical, new plumbing, new roof, new insulation, new drywall, new tile, new air ducts, and central a/c added to the finished enclosed porch. Home need a little TLC to be rental ready at $1,000 or more. 2015 taxes $308.47, NO HOA. The return on this nice rental home is 15% after repairs, property management costs (10%), taxes, and insurance. Add this home to your rental portfolio today!!! Call me IMMEDIATELY before this one sells!! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
This Deland triplex consists of a 2/1.5, a 2/1 and a studio. It is in need of a massive rehab including floors, kitchens, baths, paint in and out, landscaping, AC and a few other items. However with a $50,000 rehab you should still be able to get 20% R.O.I. once tenants are in place. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net