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Rare flip with ARV under 225k. Great location near Altamonte mall and restaurants. The home has a back porch enclosed that should be turned back into a porch and a few walls in the garage conversion that should be removed. There are only 2 actives, they are both listed at 199k and over 300sqft smaller. 4 out of the 5 comps have garage conversions. Don’t miss out on this cheap flip, they are hard to come by in this market.
Oakland Hills
Estimated repairs $38,500.00
Demo, dumpsters $2,000.00
Roof $6,000.00
Flooring $4,500.00
A/C maintenance $500.00
Painting $3,500.00
Kitchen/appliances $5,500.00
Bathrooms $6,000.00
Plumbing/fixtures $1,500.00
Electrical/fixtures $1,200.00
Interior doors/trim/hardware $1,800.00
Drywall repair $2,000.00
Yard clean up/landscaping $1,000.00
Misc $3,000.00
ARV $219,900.00
Purchase price $(129,900.00)
Closing cost buy $(4,000.00)
Closing cost sell $(9,900.00)
Repairs $(38,500.00)
Estimated Profit $37,600.00
- Address: Encino Way, Altamonte Springs, Florida 32714
- Price: $129,900
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 4
- Bathrooms: 3
- Garage/Carport: None
- Total Square Feet: 1667
- Construction Type: Block
- Year Built: 1960
- Comparable 1: 627 Durango way - 3/1, 1200sqft, pending $192,000 ($160 per sqft)
- Comparable 2: 725 Oaklando dr - 4/2,1193sqft, sold $170,000 ($147 per sqft)
- Comparable 3: 774 Hillview dr - 3/2, 1222sqft, sold $185,000 ($151 per sqft)