INVESTOR, TAKE A LOOK AT THIS AT THIS AMAZING 32810 FIX & FLIP or FIX & RENT DISCOUNT PROPERTY! If you’ve been looking for a great investment property in the highly desirable Riverside Acres community in Orlando, then take a look at this 3 bedroom, 2 bath single family home. At $125,000, this is lowest priced home for sale in the past 12 months. This neighborhood is perfect for first time home buyers and well qualified renters. The homes in Riverside Acres represent a wide range of time periods and styles. In general, homes in Riverside Acres sell for between $145,000 – $230,000 and sit on quarter-acre lots with three bedrooms and two bathrooms. The most common types of parking are carports, 1-car garages, and 2-car garages.
“As-Is” Value = $155,000
Minimum “AFTER-REPAIR” Value = $196,500
Estimated Repairs = $25,000
“DISCOUNT WHOLESALE PRICE” =$125,000
Close By Date: 12/24/19
Access: Call For Access Instructions
Recommended Repairs
This property needs a Mid-Level renovation but a lot of the heavy lifting has been already been done for you. All you have to do is finish it off and cash your check. The Exterior has been painted, property has a newer A/C handler, condenser, and hot water heater. BOTH bathrooms have already been renovated. A new double wide driveway has been installed. The “hardwood” floors have been sanded and varnished.
To get “Top Dollar”, once you’re ready to flip this property, we recommend refreshing the landscaping to increase curb appeal, renovating the kitchen, new baseboards, a few strategically placed recessed lights, renovating the addition at the rear of the house, possibly new energy efficient windows, replace the garage door with a more modern one and a good cleaning. Once completed, this property would easily generate $20,000+ in profit. Renovated properties in this community are taking an average of only 13 days to go under contract and are selling for $132 per Sq./Ft.
Recent Comparables (Click Addresses for MLS Sheets)
- 3018 Drake Dr., Orlando, FL (Clean but not renovated. SOLD for $200,850 in 1 day)
- 2923 Pembrook Dr., Orlando, FL (Not renovated and still SOLD for $197,000 in 4 days)
- 3417 Calumet Dr., Orlando, FL (Clean but not renovated. SOLD for $189,900)
- 3607 Needles dr., Orlando, FL (Kitchen had basic updates. SOLD for $185,000)
- 2813 Pembrook Dr., Orlando, FL (Not renovated. SOLD for $174,900 in 14 days)
- 2814 Greenleaf Dr., Orlando, FL (Not renovated but SOLD for $161,900 in 9 days)
- 2924 Drake Dr., Orlando, FL (Fair condition. SOLD for $150,000 in 12 days)
- 2909 Calloway Dr., Orlando, FL (Not renovated. SOLD in 3 days for $145,000)
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $3,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.
Hurry! To make us an offer ASAP! Properties like this don’t last long.