Hibiscus Pl., Orlando, FL 32807

REDUCED!

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This is the cheapest house in the neighborhood by far! Check out the comps below.  The only other active house off Hibiscus is listed at $235k.

Subject property needs minor repairs for a rental, including flooring repairs, new garage opener, some paint, and punchout repairs. Comparable properties rent for $1450/m.

For a full rehab, you’re probably going to need to do the kitchen and roof as well. Bathrooms are pretty good. Newer A/C.

Bonus feature is the solid block 17 ft x 24 ft block building in the back yard. This building may be able to be converted to a mother-in-law suite, depending on current laws. The city of Orlando just recently passed some laws to make mother in law suites more accessible, so you may be able to convert the block outbuilding to a mother in law suite.

Hibiscus Place / Azalea Park

Assignable

Est. Rehab: $10,000 – $25,000

Est. Monthly Rent: $1,450

Est. ARV: $185,000

Recent Area Sales & Rental Activity:

• 541 HIBISCUS WAY: 3/2, 1258 sqft, partial rehab with original kitchen and baths. Sold $186k in 17 days, $1100 over list.
• 517 HIBISCUS WAY: 3/2, 1164 sqft, good rehab, Sold for $180k for $5100 over list price in 10 days. No outbuilding.
• 535 HIBISCUS WAY: 3/2, 1158 sqft, partial rehab with original kitchen. Sold for asking price of $179,900.
• 424 DELICATA DR: 3/2, 1222 sqft, clean rental, rented for $1450/month. No outbuilding