If you’re in the market for a great investment property, take a look at this 2 bedroom, 2 bath, condo, located in the Tamarind condo community, a highly desirable community in Orlando. The Tamarind condo community is a gem and receives 4.5 stars out of 5 in Google reviews. Great opportunity to purchase a property in the heart of Orlando and in a well managed community with new roof. HOA is currently painting all building exteriors. HOA includes water, trash, exterior maintenance, exterior insurance, community pool. Owner only pays for electricity and interior insurance. HOA fee is only $288/month. The community of TAMARIND features a sparkling community POOL and is conveniently located by I-4 for an easy commute, Universal Studios, The Mall at Millenia, shopping, dining, and so much more! This property would work both as a Fix & Flip or a Fix & Rent opportunity.
After-Repair Value = $185,000+
Estimated Repairs = $20,960
DISCOUNT WHOLESALE PRICE =$140,000
Close By Date: ASAP!
Access: By Appointment Only!
Recommended Fix & Flip Repairs
This property needs a “Cosmetic” renovation, which includes upgrading the kitchen and bathrooms, interior paint, upgraded light fixtures and a good cleaning. Renovations should take no longer than 30-45 days to complete. There are a few great fully renovated pending comps that show the full potential of what this property could be. Renovated properties in this community are taking an average of 11 days to go under contract and are selling for well above $181 Per Sq./Ft.
Recently SOLD and PENDING Comparables
- 5243 Vineland Rd., #201 – Modestly renovated. SOLD in 8 days.
- 5337 Vineland Rd., #103 – Some improvements made. SOLD in 17 days.
- 5025 Vineland Rd., #103 – Partially renovated.
- 5209 Vineland Rd., #109 – PENDING. Beautifully renovated. Property recieved 13 offers and will sell for over asking price.
- 5021 Vineland Rd., #101 – PENDING. Great Renovations.
Expected Monthly Rent = $1400
CAP Rate = 5.83%
Cash on Cash Return = 6.06%
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.