Orlando

PENDING – Baltic St, Orlando, FL 32817

Beds: 3    Baths: 1    SqFt: 875

ARV: $190k    Repairs: $25k    Rent: $1200/mo

$122,500+cc 

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Very clean East Orlando rental with practically nothing needed. If you want to flip this, a garage conversion would add significant value. Check out 2336 Nansen Avenue that sold in mid June for $190,000. There is a tenant in place who is a friend of the current owner and is on a discounted month to month rate of $1,000/mo. The tenant wants to stay and you should be able to bump the rent to market if you want to hold as a rental. It may look a little cluttered in the pics but it felt very clean and well maintained, even smelled great. Roof is 6 years old. A/C under 10 years old.

Rental Rehab Estimate: : $2k
$0 needed if keeping existing tenant but could use some minor yard cleanup, some wood repairs along the exterior of the garage and general maintenance.

Flip Rehab Estimate: : Garage Conversion
The main house is in great condition and would not need much of anything outside of above. The garage conversion would be your main cost here. This would need to be priced out by your contractor and would vary depending on your plan. I would personally budget $15k for the conversion and bath addition and additional $10k for upgrades.

 

PENDING – Ravenall Ave, Orlando, FL 32811

Bed: 3    Bath: 1 .5    SqFt: 1085

ARV: $135k     Repairs: $15k-20k     Rent: $1300/mo

$86,000+cc

Only 5 properties have closed for a lower price per square foot within a half mile radius of this home in the last 6 months.  Only 2 homes have closed traditional for a lower sales price in the last 6 months in that same half mile radius.  This is the only home available in Richmond Heights right now under $121k.  Rehabbed properties are fetching over $130k in sales price.  This property presents an excellent rent return for the right investor with low taxes and no HOA.   You will be hard pressed to find this kind of return in a no HOA house anywhere in Orlando.
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PENDING – Bolling Dr, Orlando, FL 32808

Beds: 3    Baths: 2    SqFt: 1982

ARV: $199k+    Repairs: $30k-$35k   Rent: $1600/Mo

$126,000+cc 

This is a great family home in Pine Hills with potential to be 2 units. It has a ton of square footage including an enclosed garage that can be easily converted back. Great back yard with beautifully refinished pool and multiple storage sheds. The kitchen has very high end appliances (seller stated the Viking cooktop alone was $10,000) and is in good shape overall. The house also comes with a high end security system which include numerous cameras along with smart home features that turn on and off lights and lock doors from anywhere in the world. It also has some beautiful landscaping. Some light cleanup and you will be set! There’s a enclosed porch that needs to be torn down or repaired. The roof also has a leak but doesn’t need to be replaced just repaired (please call for more details on the roof repair). The AC is 20 years old but it is still working fine as they have kept up on maintenance. With some easy fixes this house could be GREAT! This is a perfect family home for a large family and with a quick cheap remodel this could be a winner! Call for more details, there will be a group walk for serious buyers only.House needs flooring throughout, bathroom updates, paint, counter tops in kitchen, some opening of walls, roof repairs (drainage issues, not a roof issue), drywall repairs, fixtures, some doors, cleaning, etc

We would consider knocking off the front facing portion of the roof line. This was done for aesthetics and it is the reason for the leak issues. Depending on how the roof was constructed, it might be better to just remove for proper water flow and drainage as the roof behind it seems to have a normal pitch. We would also open the wall between the two back rooms to make for a large family room. Bathroom tile could easily be refinished to save from demo and new tile.

 

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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

 

PENDING – 24th St, Orlando, FL 32805

Beds: 3    Baths: 3    SqFt: 1539

ARV: $220k+    Repairs: $20k    Rent: $2250/Mo

$155,000+cc 

Orlando Multifamily Opportunity! This property is zoned R-2 and sits on a double lot. Property could be subdivided, and another duplex or tri-plex could be built. 2 of the 3 units are newly renovated, with a third unit left to be finished. This is the cheapest income property available in all of Orlando right now. Collect over a 13% return even after repairs. Fix up the third unit and rent as is, demo unit 3 and have an updated duplex, subdivide the lot and build additional units, or demo the whole building and build 2 brand new triplexes – a lot of options. Property Features:  Double lot (100×135), roof less than 1 year old, 2 updated units with brand new AC, new flooring, 1 renovated kitchen, 1 renovated bathroom, and updated landscaping. I fully functional kitchen with all appliances. Third unit is blank slate ready to be finished, large storage area in back Rent Rehab: $20k-25k – Complete rehab of unit 3, yard clean up, appliance package for unit 1.

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PENDING – Dorris Drive, Orlando, FL 32807

Bed: 3   Bath: 2    SqFt: 1125

ARV: $200k     Repairs: $35k     Rent: $1200/mo

$125,000+cc

When an off- market deal becomes available in this area, expect it to fly off the shelf. Zoned for Winter Park High, this area is one of the most coveted and sought-after areas in Central Florida by investors and homeowners alike. With a shrinking inventory and rising demand, this home provides and investor with an incredible opportunity to own an asset with multiple disposition routes. One could hold this as a rental with a steady equity growth. Alternatively, with most homes getting snapped up in a matter of days, it would be hard to ignore a quick flip opportunity. For context, out of the 44 sales in the 32807 zip code in the last year, this home represents the cheapest sale.

Property features include: A newer sturdy architectural roof, spacious rooms with walk in shower in the master, tile flooring and a spacious backyard.

Flip and Rent Rehab

Interior/ exterior paint, new kitchen and appliances, new flooring throughout, update windows, new bathrooms, new A/c unit, landscaping and cosmetics updates throughout.

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PENDING – Gattis Dr., Orlando FL 32825

Bed: 2   Bath: 1    SqFt: 714

Repairs: $20k    Rent: $950/mo

$105,000+cc

Currently, there is nothing active, pending or sold within a half mile of this property, within the last year under 125k.  The cheapest pending is 187k and cheapest active is 155k.  The house is a small 2/1 and won’t take a whole lot to get fixed up. The house will definitely need a roof and kitchen.  Bath needs a little bit of work, flooring is tile throughout, and you will need to paint outside.  You should be able to get all of this done for under 20k based on the size of the home.  The house sits on a nice sized corner lot, so that should be a helpful selling or renting point.  It’s hard to tell what the ARV is on the backend because of the size of the home, but I am pretty sure you can easily break any pp/sf record that currently sits.

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PENDING – Tradewinds Trail, Orlando, FL 32805

Beds: 3     Baths: 2     SqFt: 1685

ARV: $315k      Repairs: $40k

$198,500+cc

Awesome flip opportunity with concrete block home in Orlando. The home sits on a scenic canal that offers direct access for your ski boat, pontoon, or sailboat to Clear Lake. With 3 bedrooms and 2 bathrooms and located in the very popular and secluded subdivision Isle Of Catalina, this home is the only active property under $300,000. The home itself is in great shape with terrazzo floors throughout, an updated A/C system and the landscaping and seawall are very well kept. The property will need some updating in the kitchen and only one of the bathrooms. We’ve budgeted for a buyer to potentially remove a wall or two and create a very desirable open floor-plan feel. Don’t miss this opportunity.

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PENDING – Orwell Avenue, Orlando, FL 32809

Beds: 4    Baths: 2    SqFt: 1668

ARV: $220K+/-   Repairs: $30K

Rent: $1450 – $2195/Month

$163,000+cc

This beauty in Sky Lake has all kinds of potential! The home is dated, but in good condition overall. It sits on a large corner lot on a quiet street. The electric is upgraded. Like many properties in Sky Lake, it has green carpet over terrazzo floors. The garage door needs what looks like an easy fix. It is in fine shape to hold as a rental…only needs the master bath completed. For a flip it will need the usual rehab to be brought up to current market expectations. Being larger than the available recent comps, we feel that with a nicely completed rehab it will easily fetch $220,000 or more. Currently occupied by the family heirs…they will vacate by closing.

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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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