If you’re in the market for a new Money Maker investment property, then take a look at this 3 (4) bedroom, 2 bath, 1693 Sq. Ft. single family home. This property needs some updating and when completed will generate a nice return on your investment. It’s located in the Normandy Shores community, an affordable area in west Orlando. This property would easily rent for $1400/month if you’re a Fix & Rent investor. Inquire TODAY to learn more about this great money-making property!
Conservative “ARV = $187,000+
Estimated Repairs = $30,000
“As-Is” Value = $143,900
YOUR WHOLESALE PRICE =$131,000
Close By Date: ASAP!
Access: Call for access instructions!
Recommended Repairs
This property needs a Mid-Level renovation which includes Roof repair (Not Replacement), Exterior and Interior paint, Kitchen and Bathroom renovations, light landscaping and you are done. There is a 4th bedroom that just needs to be improved and permitted. A legitimate 4 bed, 2 bath home of this square footage could easily sell in the mid to high $190’s. Renovations should take no more than 60 days to complete and you’ll be ready to put this property back on the market. Once completed, this deal would easily generate a 12%+ profit. Renovated properties in this community are taking an average of 28 days to go under contract and are selling for $158 per Sq./Ft.
Recent Comparables
- 4207 CHATEAU RD, ORLANDO, FL 32808. (Renovated and 519 SF smaller. SOLD in 28 days for $186,000)
- 2207 EIFFEL DR, ORLANDO, FL 32808. (Similar Sq. Footage but NOT renovated. SOLD for $169,000 in 12 days)
- 4303 CHATEAU RD, ORLANDO, FL 32808. (Only 1018 Sq. Ft. SOLD for $155,000 in 6 days)
- 4233 CAROUSEL RD, ORLANDO, FL 32808 (NOT Renovated. 389 Sq. Ft. smaller. SOLD in 4 days for $150,000)
- 2001 CONTINENTAL BLVD, ORLANDO, FL 32808 (NOT Renovated. 613 Sq. Ft. smaller. SOLD for $150,000 in 3 days)
- 4201 CHANTELLE RD, ORLANDO, FL 32808 (Some upgrades. 600 Sq. Ft. smaller. SOLD for $150,000)
- 2225 DARDANELLE DR, ORLANDO, FL 32808 (NOT renovated. 693 Sq. Ft. smaller. SOLD for $140,000)
- 2224 EIFFEL DR, ORLANDO, FL 32808 (NOT renovated. Needed a full rehab but still sold for $125,000 in 2 days)
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.