Off Market Flip On 1 Acre Lot – Sully Drive Orlando 32818 For Sale

  • $255,000
  • 3 beds
  • 2 baths
  • 2,510 sqft

Off Market Flip on a 1-acre lot. This is a great deal and a straight forward flip. The home needs overall updating including kitchen, baths, paint, and flooring.  The AC and roof are older so we put them in our estimate of repairs of $60,000 but if you can save either one or both of them then you are just adding to the profit on this one. The ARV is $399k on this one the potential profit on this one is about $50,000 after closing costs and commissions when you re-sell this.  Homes in this area are selling in the 30-day range. The property will be vacant at closing. Please do DRIVE BY ONLY!

Comps:

  • 7926 Kimbro is a 3/2, 2178 sq ft but newer and sold for $420,000 on 3/19
  • 7951 Sully Dr is a 4,2.5, 2810 sq ft with a pool.  The home was NOT updated but did have a barn and sold for $419,900 on 3/19
  • 8232 Steeplechase Blvd is a fixer-upper with a new roof and sold for $315,000. The home was a 4/3, 3293 sq ft with a pool but needed FULL REHAB
  • 8118 Steeplechase is a 4/3, 2903 sq ft with a pool and sold for $415k and looked good.
Price:
$255,000
Address:
Sully Drive
Orlando, FL 32818
Square Feet:
2,510
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1988
Basement:
$60,000
Const. Type:
Cement/ Brick
MLS #:
$399,000

Call (407) 678-0062 for more details

Property Location