Property Description:
This 1-bed, 1.5-bath condo in the highly sought-after Las Verdes 55+ community offers a clear value-add play at just $89,900. Located at 5220 Las Verdes Cir #321, this 694 sq ft unit is vacant and ready for a straightforward interior refresh.
🛠️ Cosmetic Upgrades
While the bones are solid, the unit needs cosmetic updating. The HVAC is aging, but the water heater was replaced in 2021. Ideal for an investor or owner-occupant looking to modernize and capitalize on strong resale demand.
💰 Comparable Units Selling at $216–$246/sq ft
Recent 1-bed sales in the same complex:
- 5250 Las Verdes Cir #109 – Closed 4/16/25 @ $160,000 ($235/sq ft)
- 5250 Las Verdes Cir #309 – Closed 3/20/25 @ $147,000 ($216/sq ft)
- 5280 Las Verdes Cir #121 – Closed 3/27/25 @ $167,500 ($246/sq ft)
- 5370 Las Verdes Cir #209 – Closed 3/12/25 @ $155,000 ($228/sq ft)
📈 ARV Estimated: $150K–$160K+/- | Market Rent: ~$1,750/mo +/-
Las Verdes is a well-kept, amenity-rich gated community offering tennis courts, multiple pools, clubhouse activities, and walking paths. Ideal for both flips and long-term rental holds, especially with rents acceding $1,750/month.
🔒 HOA Dues: ~$470/mo (includes water, cable, insurance, amenities)