Florida

SOLD – Windsor Ave, Longwood, Fl 32750

Beds: 4   Baths: 3   Sq. Ft: 3691

ARV: $499k    Repairs: $75k

$334,000+cc

Huge flip opportunity in Longwood. This neighborhood is small and comps are difficult. There is one pending sale in the neighborhood and it will be a great comp for this home once it closes. This flip has a newer kitchen with built in appliances, a lot of the floors can be salvaged as they look new, and newer windows. The major repairs are roof, A/C unit looks older, yard and pool. The rest is cosmetic and we estimated repairs around 75k or less for the handy investor.

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SOLD – Rose of Sharon Dr, Orlando, FL 32808

Beds: 3   Baths: 2   Sq. Ft: 2158

ARV: $240k    Repairs: $30k

$165,000+cc

Off-Market Rosemont flip! This house is clean but dated. Looking for an investor to put the right touches on and make top dollar on a flip! House had new roof installed last year. Needs updates to kitchen, baths, flooring and paint. AC is working but older. All rehab is cosmetic.  There is only one variable with the house, and that is some structural damage to the back screened porch. We don’t anticipate it being serious, but it will need to be addressed. Picture is included. Values in this neighborhood are rising quickly and there are very few current active properties!  The sky is the limit on your ARV with that sweet spot in the mid $200’s for your listing price. This thing is a no-brainer!

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SOLD – Sand Wedge Loop, Apopka FL 32712

Beds: 4   Baths: 4   Sq. Ft: 2945

ARV: $385k    Repairs: $25k

$299,000+cc

Take a look at this 3,000 sqft 4/4 pool house inside Rock Springs Ridge subdivision. This house was built in 2002 and had some minor settlement. There are some cracked tiles in the living room but inside the garage is 9 box of the same tile, more then enough to replace the cracked tile. We had a contractor look at it and he said it is common and nothing to worry about. Other repairs include replace missing Ac unit, paint inside and out, replace carpet, replace appliances with new stainless steel apps, clean pool and do landscape. Other houses inside this same subdivision with similar sqft and pool are selling in the 370k and we are selling this one for only 299k, that’s a lot of equity. If you average the price per squares that have sold, you are valued at 389k. The other sales are not really rehabbed either. Don’t miss out on this home run deal.

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SOLD – Parkwood Ave, Altamonte Springs, FL 32714

Beds: 3   Baths: 2   Sq. Ft: 1592

ARV: $260k    Repairs: $25k-$30k    Rent: $1,600/mo

$179,900+cc Assignable – Buyer Pays All Closing Costs

Off Market Flip in Altamonte Springs! Get your hands on this 3 bedroom, 2 bath home before it is gone! Property offers 1592 SqFt of living space, a two car garage, pool, and large fenced yard. It is only in need of cosmetic updating: flooring, paint, kitchen, baths. This is going to go fast. Call us ASAP!

Comps:

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SOLD – Camellia Drive, Longwood, FL 32779

Beds: 3   Baths: 2   Sq. Ft: 1636

ARV: $220k-$250k    Repairs: $50k-$60k

$140,000+cc

Off Market Property in the desirable Lake Brantley Isles. This home is a “blank canvas” in a prime location in the highly coveted Lake Brantley school district. Having been gutted out already, it needs absolutely everything, including a new roof and converting back the garage. Estimated rehab is $50-60K, but that number is up to you determine. ARV for the neighborhood is a little jumpy since it’s a mix of older and newer homes. There are definitely some nicer homes in the Comps, making it worth driving through the area to see for yourself. This will essentially be a new home once rehabbed, so ARV could easily be higher than estimated…plus this is the cheapest house on the market in the area. Architectural plans for this home are plotted out and available for purchase. HOA is optional and gives owners access to the Lake Brantley beach, playground, and picnic areas.

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SOLD – S. Ranger Blvd., Winter Park FL 32792

Beds: 4   Baths: 2   Sq. Ft: 2152

ARV: $410k    Repairs: Light

$315,000+cc

Winter Park Pines! This is a very clean 2152 SQFT 4/2/2 in one of the most sought out neighborhoods. The house has had recent renovations including new wood cabinets and silestone counters in the kitchen and The 16 Seer A/C system has been installed within the last year.  It also comes fully equipped with an installed solar power system, The landscaping has been well maintained and the roof is in good shape. So the rehab will include paint, flooring (its terrazzo), stainless steel appliances, updates to both bathrooms and any aesthetic renovations you wish to do dazzle your buyers. Houses in this neighborhood sell between $200-$215/SQFT but realistically the estimated ARV is in the $415k-$425k range. It would be a surprise if this house sits on the retail market for more than 7 days.

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SOLD – Kazaros Cir., Ocoee FL 34761

Beds: 4   Baths: 3   Sq. Ft: 2212

ARV: $290k    Repairs: $15k

$219,900+cc

Super clean newer house in really nice Ocoee neighborhood! This is the easiest flip this is going to come across your desk for the rest of the year. The house literally needs just paint, carpet, and appliances. The property already has a nice paver driveway, and you don’t even need to spend money on window treatments. 4/2 with a great floor plan, master has a walk-in closet, and the property has no rear neighbors. When you go to flip the property, you will be selling under that 300k price point. That inventory is what’s flying off of the shelves. Move on this property quickly because it will not be around for long!

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SOLD – Kenwick Cir, Casselberry, FL 32707

Beds: 2   Baths: 2   Sq. Ft: 1126

ARV: $115k    Repairs: $5k-$12k    Rent: $1000-1100/mo

$78,000+cc

Partially renovated condo in Oxford Square in Casselberry. This 2nd floor unit is a 2/2, 1126 sq ft and has updated bathrooms( just need the vanities painted), new ac, all the 14mm laminate flooring is there for the main areas as well as all the paint for the entire apt  As a rental you need to install the flooring and paint, add appliances in the kitchen and carpet in the bedrooms. The rents in there are going between $1000-$1100 for similar units. For a flip you will do the same thing but also redo the kitchen. You are probably about $12k on a flip and less than $5k for a rental. The comps for a flip should be about $110k to $115k. You have had 2 sell for $90k in the last 6 months that are updated but not flips and 1 that is updated and is pending for $125,800 and was the nicest of the 3 units that have sold. I am estimating this one should sell for about $115k-$120k.  If you air on the side of caution you can put the ARV at $115k. That puts this one at 78% of ARV. HOA is $235/mth

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SOLD – Lesia Cir, Orlando, FL 32835

Beds: 5   Baths: 2   Sq. Ft: 1994

ARV: $250k    Repairs: $50k-$55k    Rent: $1500/mo

$135,000+cc

Looking at the current inventory in the zip code of 32835, this would be cheapest available based on price per square foot, with renovated homes selling for upwards up $140 a square foot, there is a tremendous amount of upside for a flip. Valencia Hills is located just outside the borders of Winderemere. Zoned for Olympia High School, this property is a short drive to Valencia Community College, all major theme parks, MetroWest Golf Course and major highways. Don’t hesitate. This is certain to sell quickly. Rent Rehab: 30K, roof, interior/exterior paint, flooring, kitchen and bath updates, new appliances, minor cosmetics and yard cleanup is recommended. Flip Rehab: 50-55K, new roof, interior/exterior paint, kitchen and bath renovation, flooring, landscape package, misc. cosmetics are recommended.

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SOLD – Orchid Ave, Winter Park, FL 32789

Beds: 3   Baths: 2   Sq. Ft: 1668

ARV: $390k    Repairs: $25k-$30k

$284,900+cc

Located within a stone’s throw of Mead Gardens, this 3/2 block home is certainly worth a second look. Zoned R-2 and mostly updated, this deal carters to a broad range of investors. Whether you are looking for a move in ready rental in a highly sought-after area or a quick flip opportunity, this deal bares it all. In addition, out of the 67 sales in the last year- within a mile radius, this deal represents the 6th cheapest on a price per sqft basis. Property has a sturdy roof, tile flooring in most of the main areas, updated bathrooms and kitchen, SS appliances in the kitchen, a cozy wood burning fire place and a fully intact 2 year old central A/C. Rehab Needed: Interior/exterior paint, open up floor plan, hardwood flooring throughout, general cosmetic updates.

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