3 Bed 2 Bath, 2525sqft home on .34 acres, built in 1997 home, in Oak Hill. Less than 15 miles from New Smyrna Beach!
House is tenant occupied at $1200/m and the tenant has been in place for 2 years. Lease is up in January. Seller says the home is in decent condition. Waiting on interior and exterior pictures. Do not disturb tenant. Drive by only for now. We believe the ARV is $270k+ (maybe more but comps are limited), and the current value if listed on the MLS with a Realtor is closer to $200k. A similar comp w/ pool sold for $335k at 215 MAPLE ST, OAK HILL, this could technically put the ARV around $300k.
This should be a solid deal at below market prices. Market rent is probably closer to $1600/m.
215 MAPLE ST, OAK HILL: built 1997, 3Bed/2Bath, pool, 2475sqft, Sold for $335k