Off-market Tampa flip at a great price point! This one is a great low risk investment. Get in and out quick for a nice tidy profit in a neighborhood with great flip potential. Rehab is very light on this one. You have: New roof, new AC, new plumbing, new electrical already done. All your big ticket items are finished. All that is needed is some touch up cosmetic. Kitchen updates, as well as some updates to flooring and some paint will have you looking brand new. There are several flips in this neighborhood that have all been done recently, and many of them have sold on busy roads. Many are getting $150/sq. + for a value, so we feel that our estimate of $140/sq. for your ARV is very fair.
Second story, 1 bedroom, 1 bathroom condo located in the desirable Highlands at Hunter Green neighborhood. The neighborhood includes exercise center, game room, billiards room, sparkling pool, and the unit includes a breakfast bar, and screened lanai with storage closet. Hunter’s Green has great walking areas that includes tennis courts, volleyball courts, newly built dog park, and Hunters Green Country Club’s golf course. The rent is in the $750-$800 range, monthly taxes work out to $49 and the monthly HOA is $239. The neighborhood just went under major repairs including roof and will also include parking lot repaving so there is currently a monthly fee between $175 & $225(amount being verified). The fee expires in Dec of this year so it should be of little concern. This property will need very little to be rent ready including paint, carpet, appliances, and a few light fixtures. If nobody snaps this one up quick I will go ahead with the rehab and hold it longterm as a rental or relist it for $60k. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net