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This is a 3/1, 1296 SQFT property that is currently rented. The 1 car garage is enclosed, which accounts for the 3rd bedroom and the extra SQFT. Tenants currently have a lease good through March and are renting for $1,000/month. Keys for Cash would be the best opportunity in this instance, so you can up the rent to $1350-$1500/month or flip the house.
Condition is is decent. In the back of the house there is a Florida room and back patio. Roof needs repairs, electric box was installed in ’05, plumbing may need updating, outside A/C is 8 years old and kitchen/bath/floors should be updated for a flip.
As a 3/1 the ARV would be in the low $200’s but as a 3/2 the ARV would be in the $230’s range. We are just waiting on the seller to give us access to obtain more pics.
Arbor Ridge
Assignable
Est. Rehab: 25,000
Est. Monthly Rent: $1,350 – $1,500
Est. ARV: $200,000 – $230,000
Recent Area Sales / Activity:
- 10111 Moultree Ct – 4/2, 1092 SF – Sold 7/30/18 for $200k
- 2932 Ahern Dr – 3/2, 1299 SF – Sold 7/6/18 for $200k
- 10351 Kapok Ct – 3/2, 1000 SF – Sold 9/24/18 for $203k
- 10122 Moultree Ct – 3/1.5, 1099 SF – Sold 10/1/18 for $205k
- 2461 Titus Ct – 3/2, 1277 SF – Sold 8/17/17 for $230k
- 3115 Buck Hill Pl – 3/2, 1370 SF – Sold 6/5/18 for $236k
- 2711 Kinnon Dr – 4/2, 1455 SF – Sold 8/1/18 for $240k
- Address: Belgrove Pl, Florida 32817, USA
- Price: $149,900
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 3
- Bathrooms: 1
- Total Square Feet: 1296
- Construction Type: Block
- Year Built: 1980