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This is a 2/2, 976 SQFT condo in the Lemon Tree Subdivision. Property needs just basic cosmetic updating including paint, carpet, and updates to the bathrooms and kitchen. This unit should easily rent between $850-$900/month, with a potential of upwards of $1,100. But staying conservative and factoring in taxes/HOA, this should easily yield between a 14%-15% ROI.
Lemon Tree, Monthly HOA: $330
Est. Rehab: $2,500 – $5,000
Est. ARV: $50,000
Est. Monthly Rent: $850 – $900+
Recent Area Sold / Activity:
- 4328 Lakeway Dr Unit K – 2/2, 976 SF – Sold 10/11/17 for $44.9k
- 2636 Lemontree Ln Unit A – 1/1, 642 SF – Sold 6/19/17 for $40k
Rental comps area available in the picture gallery.
- Address: Aqua Vista Drive, Orlando, Florida 32839
- Price: $39,900
- Availability: Sold
- Listing Type: Condo
- Bedrooms: 2
- Bathrooms: 2
- Total Square Feet: 976
- Construction Type: Block
- Year Built: 1976