“As-Is” Value = $312,000
Conservative After-Repair Value = $549,500
Maximum Estimated Repairs = $115,220
YOUR WHOLESALE CASH PRICE =$295,000
POTENTIAL PROFIT = $84,330
IF YOU’VE BEEN WAITING FOR THAT MONSTER PROFIT, OVIEDO FIXER UPPER, THEN THIS ONE IS FOR YOU!! This is the perfect property to end and begin the year with. Take a look at this 5 bedroom, 3.5 bath single family home located in the highly desirable community of Remington Park. This neighborhood is perfect for those seeking single-family homes. The homes in Remington Park represent a wide range of time periods and styles. In general, homes in Remington Park are about $387,000 – $585,000 and sit on quarter-acre lots with 4-5 bedrooms and 2-4 bathrooms, elaborate pools, and 2-car garages.
This community has numerous amenities available for residents to enjoy. This community provides residents and their guests with access to beautiful and well-kept tennis courts.
Recommended Repairs
This property needs a Full Renovation which should take 90 days to complete. Once completed, would easily generate a 15% ($84,000+) profit. Renovated properties in this community are taking an average of 32 days to go under contract and are selling for up to $169.26 per Sq./Ft.
To command top dollar, the recommended renovations include: a new roof, new windows, flooring, paint, mold remediation (See pics and video) and drywall replacement. The pool equipment can be replaced and the pool needs to be acid washed and brought back to life. Also, you could easily add an outdoor kitchen to set it apart from the competition. You may even want to replace the brick exterior with a stucco finish to make it pop. The bathrooms and kitchen need to be renovated as well. We also recommend replacing both A/C units, the garage door, ramping up the curb appeal with some beautiful professional landscaping. Throw a volley ball court, putting green, or fire pit in the back and you’re done!
Recent Comparables
- 461 WILMINGTON CIRCLE, OVIEDO, FL 32765
- 437 WILMINGTON CIRCLE, OVIEDO, FL 32765
- 359 RALEIGH PLACE, OVIEDO, FL 32765
- 2800 TRENTON LANE, OVIEDO, FL 32765
- 338 RALEIGH PLACE, OVIEDO, FL 32765
- 460 WILMINGTON CIRCLE, OVIEDO, FL 32765
- 459 HAVELOC COVE, OVIEDO, FL 32765
Call Jack for access information and make your offer ASAP! Properties like this don’t last long.
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.