Property Details:
This house is located in a secret spot within a green & lovely Residential pocket in Apopka.
Proximate to commercial centers, 5 minutes from a hospital, and just 25 minutes from Downtown Orlando.
The house needs full rehab for flip or for rent. Its unique 1900s look will turn into a rare diamond in this beautiful neighborhood.
Shine it up and sell it for $250,000 Or rent it for $1,750
Hurry up, it won’t last long…
Comps:
3 homes in the mile range sold for an average price of 240K, with an average PPSF of $226. The first comp is a renovated house. The kitchen is well done, and the baths are lower-end. With an old-fashion appearance wood structure, and only 1 bathroom. Sold for $270K. The second comp is a second-hand home in updated condition. With dated kitchen, updated bath, and overall well-maintained shape. It’s a 1925 wood-frame home. Sold for 232K. The 3rd comp is a second-hand home in dated condition. It is not renovated but in rent condition. A wood-frame home with only 2 bedrooms. Sold for 220K.
Considering the fact the first comp is inferior in bath count but still sold for $270K, the second comp is updated and sold for 232K. We estimate the subject’s ARV of $250,000.
