This great little bungalow has lots of character and is in the super desirable 32806/SODO area. This area is on fire! Minutes from downtown Orlando and central to everything, this solid Block house won’t last long. This home is a 1 bed / 1 bath (listed as 2/1, just rebuild a wall to remake the 2nd bedroom). Repairs needed: Roof, Electrical, termites in attic, paint, and some landscaping.
1941 Essex Place – $199,900 (June) – 2/1 1099 sq ft.
2014 E Esther St. – $182,000 (Aug. 25) – 2/1 917 sq ft.
2208 Henderson Dr – $189,000 (August) – 2/1 816 sq ft. Dated condition
Off market block home across the Street from Little Lake Fairview in College Park Zip! House is currently a 3/2 and 2,200 sf. There is a porch that was enclosed in the back of the house that will need a little work to make the addition a little more solid. We recommend turning that back room and turning it into a huge master bedroom. There is a utility closet that back up to that room that we thought would make an awesome master bath. By enclosing that room, you bring your square footage up to just under 2,500 sf. Other than that, the house is block and in great shape. It’s just dated and needs to be brought up to today’s standards. None of the comps had really nice rehabs done or super nice finishes. Even with “lived in condition” facades, the comps averaged 191/sf. Subject property is the biggest home and doesn’t have a garage. Taking that into account and using 415k as your arv, that is a sales pp/sf of 166/sf. We feel that is very fair and you could possibly get more if done right. Just blocks away, closer to downtown College Park, homes this size are still getting over 200/sf when rehabbed. Home is show by appointment only and will require a hold harmless per seller. She is concerned someone could get hurt.
Orlando Cash Flow! 13% ROI! Check out this 3 bedroom, 1 bath home with almost 1000 sqft of living space. This home would be great to add to your rental portfolio! Market rent for this area is about $1000/mo. Property only needs minor fixes – less than $5k for rent ready. Home as great curb appeal. There are also plenty of pictures up, so take a look at the link below. Then make sure your the first person to call because nothing is worst than hesitating!
Duplex near FSU! This concrete block duplex is currently tenant occupied and generating $900 per month in income. Each side rents for $450 and leases are in place. Great cash-flowing property with equity. Call Us Now!
You rarely see properties like this anymore these days, so don’t miss it! Property was built in 2012 so all of your big ticket items are in great shape. The house just needs some nice upgrading to get a quick return. You have 3 comps that range from 166 to 183 per square. Using the lowest due to the size, would put you at 380k ARV or so. All comps were not new builds either, so you may be able to ask for more. All 4 comps, including the pending one, sold in 10 days or less. This is as slam dunk as they come. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
This house is in the very sought after Kenilworth Shores neighborhood in Winter Park, it is also within the most sought after school district. House is the cheapest available home in Kelilworth Shores by 75k! I think the play is to add a second story, although there is 1,800 sf comp that sold for 522k. If you don’t add square footage and rehab what’s there, you will probably spend 75k+/-. If you are going to double the square footage, or thereabouts, you are probably going to spend closer to 250k. You are looking at an ARV of 730k to 800k. Comps on 437 Selkirk and 425 Selkirk are new construction. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Off Market Colonial Town Flip! Time is of the essence! Buyer backed out last minute, due to too many projects. Home offers 3 bedroom and 2 baths along with 1457 sqft of living space. We estimated repairs to be around $60k. Take a look at the pictures and call us ASAP!! Don’t miss another homerun deal!!!! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Great off market flip! Located in a very desirable East Orlando area. Home is currently occupied by the owners, they will be out by closing. Showings by appointment only, first do a drive by & if you’d like to view interior we can schedule an appointment. Home needs kitchen updates & master bathroom updates, repair work to the soffit, paint & carpet treatment. 3 solid sold comps inside the same neighborhood all sold in less then 2 weeks, and all priced above $125/sqft. At $125/sqft this house is worth $170,000 all day long! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
New Price!! Winter Park flip in need of cosmetic repair with huge potential upside! House is a 3/2 with over 2000 square feet of living space in one of Central Florida’s most desirable zip codes! House needs updating throughout. Kitchen and baths will need to be replaced as will flooring. The AC needs a new compressor. Current seller was quoted a price of $1800 to fix. Needs interior paint and a few windows as well as a new sliding glass door. The kitchen will be a blank canvas, and with the right design, you can really make it pop for a potential Winter Park buyer! There is some variance in your ARV but there are several factors that point to great potential upside. We feel that $140/sq. or $285k is a very conservative number. Days on market in this neighborhood are very short. Additionally there are some pendings that, if closed, could raise your price tag to at or above $300k! Values in this neighborhood have been increasing and you are getting in at a great price point. All signs point to a potential surplus of equity when you are ready of flip! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Check out this super cheap home in the College Park area. This corner lot home is one of the lowest priced homes in the area and the lot is big enough to put a duplex on it. The lot is 50×118′ which should allow to put between at 1500-1800 sqft per side duplex. This home is also a great flip. The home needs overall updating. The roof is from 2004 but may have a few issues and we have included it in the rehab numbers. The home has newer windows and newer hardi-board siding. The home is currently used as a medical file storage facility and there are SO many files in there that it has caused the floors to sag a bit. The renovation includes new flooring, paint, kitchen and bathroom updating, possibly a roof and some re-configuring(converting from a 2 bed to 3 bed) to get the best floor plan. For max value we would add a 2 car garage to the back. Comps on this one are in the $300’s and even with a hefty rehab of $50k without a garage or about $70k with a garage you are still only at 75% of ARV. Several new townhomes a block away being built and selling for between $300-$315k for 1700-1800 sqft. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
1603 Tulane was a 4/1.5 and sold on 12/16 for $267k. The house has clean but the main part was not updated. There seemed to be an addition on the back that looked good but layout appeard choppy.
1608 Tulane is a 3/2, 1312 sq ft with no garage. It is pending for $234,000 and appears to be lipsticked but is not a reno.
1601 Bryn Mawr St is a 2/2, 1215 sq ft and just came on the market 2 days ago for $265,000. Home is renovated but not a flip.