This is a clean off-market flip or cash-flow with equity in North Orlando/Lockhart area. The house sits on a large 1/3 acre lot and backs up to a canal/waterway that feeds into Lake Lovely. I doubt you could use it to access the lake but its a nice addition when it comes time to flip this property on your end. House also features new ductwork and mini split on the AC, a newer roof in great condition and the septic is only a year old.
As far as rehab goes, the previous tenant left the property in good condition so only some cleaning and minimal work needed to rent this out. For a flip as a 2/1 it just needs paint, floors, kitchen cabinets and miscellaneous cosmetic updates. Its just a light rehab and get it on the retail market for a quick sell.
This could also easily be converted to a 3/2. There is an extra 408 SQFT between the screened porch and the finished utility area that if converted to a 3rd bedroom, a 2nd bath and 1,248 SQFT could possibly up your ARV an extra $40,000.
This property has many options for any investor and is at a price point thats hard to pass up. When deals like this come around they are snatched up quick. Don’t miss out on another one!