Take advantage of this solid rental opportunity located in Orlando’s 32810 zip code – just outside of Winter Park near Lee Road. With over 900 square feet, this property is a three-bedroom, one full bath home with a carport. We recommend doing some light renovating and replacing the subflooring to get the property to its full potential. The kitchen and the bathroom have recently been updated. Similar homes in the area are renting in the $1,200-$1,250 range. This property is located near I-4 and Lee Road and sits in close proximity to shopping – making this a prime location.
This Off-Market Historic Winter Park home is on .8 acres in the quiet and desirable Lake Sue neighborhood. This currently sits as a 5 bedroom 4.5 bath pool home offering 6,879 sqft with the ability to finish the attic for additional square footage, also has a basement and carpet with the total sqft sitting at 10,750. Property features brick and stucco exterior with barrel tile roof, oversized court yard, 6 working fireplaces and many of the original custom fixtures and iron work still in place and functioning. It has original quarter sawn maple flooring, marble and mosaic tile throughout.
Needs a full Reno – roof, electric, HVAC, possible plumbing and all cosmetic updating pending on what you want to do with it.
This currently being offered at $218/sqft which is 50% of the average sale in this area with comps at or above 5,000 sqft. The average price per sqft ARV sits around $430/sqft showing an ARV of $2,950,000. On the more conservative side at $400/sqft the ARV is $2,752,000.
Comps:
671 Via Lugano, Winter Park 32789 – 6 Bed/6.3 Bath – 7,048 sqft – Built 2007 – SLD 07/09/2020 – $2,900,000 – Original
275 E Webster Ave, Winter Park 32789 – 8 Beds/7.1 Baths – 6,730 sqft – Built 1978 – SLD 02/27/2020 – $2,895,000 – Partially Updated
1610 Via Tuscany, Winter Park 32789 – 5 Beds, 5.1 Baths – 5,980 Sqft – Built 2004 – SOLD 11/05/2020 $2,740,000 – Original
