Here is an amazing flip or cash flow opportunity in a quiet residential neighborhood. This is the 2nd cheapest house in all of Saint Cloud and the least expensive 3 bedroom home by more than 50K.
It can be kept as a rental with instant equity or you can update it and flip it for a nice return. It sits on a sizable 0.33 acre lot and includes the stainless steel appliances. It is on record of being 956 SQFT. It does have an addition that puts the square footage at 1,600 so it could be beneficial to check with the county and see if it could be added.
For a rental it will need clean up, interior and exterior paint which should cost between $5k – $10k. To flip, rehab the bathrooms and kitchen, flooring, int/ext paint, new AC and renovate the metal roof. The metal roof is rusted but has no leaks and can be pressure washed, sealed and painted to look new again. The full renovation is estimated around $35k – $40k.
4849 Lake Shore Dr. St Cloud, FL. 34772 – 3/2 1,470 SQFT sold for $234,900 in 26 Days