Check out this West Orlando opportunity minutes from downtown. This concrete block home boasts four bedrooms and one bathroom with the opportunity to add another bathroom. The market comparables within its subdivision give it a nice after-repair value of $240,000. Next to John Young and Colonial and near the newly built YMCA and packing district, this pocket is prime for future appreciation. In addition, market rental rates are between $1,500 on the low end to a maximum of $1,650 which can create a quaint buy-and-hold strategy to capture that appreciation over time.
Expect this home to be fully renovated. It will need a new roof, flooring, kitchen, and bathroom. We’re estimating the HVAC unit to be from 2010 but recommend inspection and service. Not many Orlando homes at this price point, for more information, contact us today.