Lona St, Tavares, FL 32778

This is an off-market block Tavares flip with a 1-car garage for under 100k! There isn’t anything else active within 1 mile. Also nothing in the area or in the main town has sold for under 130k in the past year.

The property is currently being rented out for 750/month which is well under the current market value. The tenants are renting on a month to month basis. You can either keep them at the current rate, raise the rent or have them move out and flip it.

The rehab on this is mainly cosmetic. The roof is in good condition and the house is block construction. The main thing you will need to do is add central AC. But by doing this, you will be adding 66 SF to the total square footage because you can duct in the laundry room which isn’t in the square footage. The rest of the rehab is paint, floors, kitchen, bath and landscaping.

In the immediate area, a similar un-renovated, slightly bigger, 2/1.5 sold for 175k which was 10k over list. There are also similar comps in the main area of Tavares that sold within days of being on the market. I wouldn’t be surprised if this sells for more than the estimated ARV. This one is going to sell quickly so do not hesitate to contact us now!

Lane Park Youngs

Assignable

Est. Rehab: Light to Moderate

Est. Monthly Rent: $750 – $1,100

Est. ARV: $140,000 – $150,000