Property is cleaned out and back on the market! This house is a block SFR located in Lockhart. Out of 1,630 active listings on the MLS, this property is the second cheapest. The property is in an industrial heavy area and will need almost everything to get back into tip top shape.
You have to go down the street a little bit to find houses of a similar age and style. A month ago, we felt $150k was a very fair estimate for the ARV. Since the situation is what it is, we have reduced the ARV by 10 percent.
A lot of materials are still in the house for the rehab as well. If you were going to rent, you should be able to get $1,000 to $1,100 a month. Rehab will be closer to 30k or less as a rental.
Lockhart, No HOA
Est. Rehab: $30,000 – $40,000
Est. Monthly Rent: $1,000 +/-
Est. ARV: $135,000 +/-
Recent Area Sales / Activity:
- 6414 Bywood Rd – 3/1, 888 SF – Sold 8/23/19 for $149,950 ($168.86 PSF)
- 4216 Sky Line Dr – 3/1.5, 1319 SF – Sold 11/18/19 for $157k ($119.03 PSF)
- 4121 Caywood Cir – 3/1, 1141 SF – Sold 7/23/19 for $156k ($136.72 PSF)
- 4017 Orwood Rd – 2/1, 1248 SF – Sold 5/16/19 for $170k ($136.22 PSF)
- Address: Belasco Ave, Orlando FL 32810
- Price: $79,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 2
- Bathrooms: 1
- Total Square Feet: 1158
- Construction Type: Block
- Year Built: 1945