Lake Underhill Rd., Orlando, FL 32803

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A lightning strike caused this building, and a few others in the complex, to go up in flames at the beginning of the year. This unit had NO fire damage. It was just some minor smoke and water damage. The HOA is re-constructing the interior of these units, so this is essentially a new-build. As of now, the place is gutted to the studs, but the HOA is responsible for fixing everything up to and including drywall. You’ll only be responsible for the kitchen and appliances, bathroom, flooring and paint, and possibly the A/C. Renovation costs for this will be no more than $30k, and since you’ll pretty much have a brand new, re-built condo once you’re done upgrading, the ARV can be pushed up to $135k. We will actually be renovating this one if it doesn’t sell in the next few days and we would personally list it for $139k. The only drawback is that the HOA is still in the process of having their permits approved – they are currently in the revision stage. You may need to wait a month or two before you can begin the reno, but the profit will certainly make it worth the wait, and we have factored the wait time/expenses into the renovation costs. Call now for more info!

Plantation Apartments Orlando, Monthly HOA: $416

Est. Rehab: $28,000

Est. ARV: $139,000