Real Estate News

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Pool home sitting on half an acre in a quiet and secluded cul-de-sac. Property is located in an “A” rated school district with home values going up. House features a split plan and open family room with wood-burning fireplace and vaulted ceilings. Large master bedroom w/huge closet. 36 x 14 screened pool. With THREE MASTER SUITES, this is a great house for entertaining, including 2 pool baths. There is also an oversized 2 car garage.

 Price: $59,000

 

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Currently the cheapest house available on the market in Winter Park.  The play is probably going to be to tear it down, but you will have to check with the city as to how you can build on this lot.  The side that is on Denning has 70ft and the side on Lyman has 30ft.  I think the play would be to make your address on Denning if possible.

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Off-Market Rosemont flip!  This house is clean but dated.  Looking for an investor to put the right touches on and make top dollar on a flip!

REDUCED!

Price WAS: $299,000

New Price: $293,000

[See image gallery at floridahomeflipping.com] Super hot location in a subdivision with million dollar homes next to Baldwin Park with a Winter Park address. Out of the 82 properties within a .5 mile radius in the last 12 months this is the 2nd lowest on a price per sq ft basis.  

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Here’s a great opportunity to purchase a concrete block home in a nice area surrounded by well kept homes and close to highways, schools and beautiful De Leon Springs State Park.  This would make a good flip or cash flow rental (it’s only 15 minutes from Stetson University).

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Daytona Beach Apartment Units! Check out this deal before it is to late. This deal has a Total Monthly Gross Revenues of $5,655.

Electric is all individually metered and billed to tenant directly, water is master metered across the 3 units (3 bills come in) and is billed back to the tenants using the RUBS method.

Current Monthly Rent: $5655

Taxes: $5,000/ year for all 3 parcels

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This 2/2 in College Park is an ideal flip or rental! With close to 1300 square feet of living space, this home has two large bedrooms, two full bathrooms and plenty of space to add another bedroom. Home features arched doorways, custom tray ceilings and custom built-ins in the master bedroom & living room! Custom tile work in the entry & bathrooms makes this rehab that much more cost effective!

Here are 2 buildable lots in the high demand area of Thorton Park. The seller has spent the last 10+ months getting all the approvals, including the lot splits and historic preservation board approvals, and now is ready to move on. The area is stellar and new construction homes in this area could easily bring between $650,000-$700,000 per house, bringing some great returns. There is a house on one of the lots that will need to be torn down, but the other lot is clear and almost ready to go. I am actually rehabbing a house right next door to these lots.

Check out this Altamonte Springs Flip. This is another one that can easily be at 3/2. The addition is already there, it just needs to be finished. The cabinets have been udpated and the house looks decent overall. We have an ARV on this one of $150,000 and the repairs should run about $28k-30K. This is a block home in a good area.

Lake Harriet Estates, No HOA

Est. Rehab: $28,000 – $30,000

Est. ARV: $150,000

Comps:

Sunshine Gardens flip under $50k!

Winter park pines pool home. This home is a total rehab, very dated and needs around 40-50k in repairs. The roof was replaced in 2004 but permit was not closed out and expired. The square footage in county records is incorrect and the home is 1690sqft. Comps are as high as $187 per sqft, using $175 per sqft the ARV is 295k.

This 3/2 pool home features wood flooring throughout the common areas and carpet in the bedrooms. The kitchen is in great shape and will not need too much more than a makeover. The A/C unit looks like it has leaked in the past and will likely need service or replacement. This home is located near great schools and in a very deisrable community.

Buena Ventura Lakes, Annual HOA: $252

Est. Rehab $15,000

Est. ARV: $160,000

This concrete block home has 3 bedrooms, 1 bathroom and is 900 square feet. There isn’t going to be too much work needed to get this house rental ready. The kitchen cabinets are in pretty good shape, but you will need to get new appliances. There is tile through out most of the main living areas that will need to be cleaned, but will not need replacing. You will need to put new flooring in the bedrooms. The bathroom is going to need a little TLC, and you will also want to paint both the interior and exterior.

Here is a great flip on the corner of Page St and Crystal Lake Dr. The home actually faces Page St and could be a great flip by enclosing the garage. With the addtion of the garage conversion you will bring this home up to a 4/2, 1400 sq ft. The home needs about $30-35k in renovations and has an ARV of $200k+. There is another flip about 6 houses down that is pending in 6 days for about $214k with a pool, but is much smaller. Check this out and let us know if you have any questions.

Comps:

Needs paint, carpet, appliances and some TLC.

Est. ARV: $95,000

Est. Monthly Rent: $950

Delaney Park flip! This house is very clean and is just going to need some cosmetic updates throughout. The property consists of a 1798 SF, 3/2, main area with an attached 384 SF studio / in-law suite with kitchen and full bath. House sits on a huge 1/4 acre lot. Updates include interior/exterior paint, bath updates x2, minor updates to 3rd bath, appliances, refinish hardwood, possible A/C inside & out, possible reshingle, landscaping and other miscellaneous updates. Solid flip for any investor!

This property is a real steal! 3 bed, 2 bath block home only $34k!

Needs flooring, paint and pressure wash outside. A/C will be repaired prior to closing.

No HOA

Est. Repairs: $5,000

Est. Monthly Rent: $850

Est. ARV: $50k

 

Homerun flip with major equity in an established neighborhood!  House needs the following upgrades to get top retail value:  Roof, flooring throughout, kitchen updates, bathrooms updated, paint in and out, windows, and some landscaping.  House could be worth a little bit more, but we used the lower end of the average for the neighborhood.

Maitland Woods, No HOA

Est. Rehab: $60,000

Est. ARV: $420,000

Recent Area Sales / Activity:

Very clean flip in an area with many comps to justify the value!  House has been taken care of by the current owner very well.  The roof was replaced 4 years ago, it has been recently painted, was re-piped in 2002, and the A/C is about 7 years old.  This house just needs flooring throughout, kitchen and bath updates, and a new front window.  We used $190/sf to justify value, but the sales go all the way up to $225/sf.  You could also add SF and increase your returns!

House is assignable.

Orlando Highlands, No HOA

Great flip at a great price! It’s not often you find a flip with equity in this market at this low price! House needs kitchen and bath updates, paint, flooring (carpets in bedrooms and hard wood refinished throughout), electrical box needs to be changed out, and landscaping. With the right rehab, this house could be worth more.  I only used comps before 1970 and within a half mile.  There are some comps that were built in the 80′s right around the corner that could give you another 10k in value.  Low risk flip!

Agnes, No HOA

Come check out this 2 bedroom, 2 bath, 1st floor condo with lake view. The Royal Arms complex is ideally located close to Altamonte Mall, Cranes Roost, and uptown Altamonte. It also offers private lake access to Lake Orienta, along with 2 club houses and 3 community polls, and tennis courts. This unit is 1,252 sqft and needs very little to be move in ready: some flooring, paint, AC repair, and appliances. Similar unit that was clean, not updated, sold for $69k.

Est. Monthly Rent: $900-$1000

HOA: $349.75

Annual taxes: $849