Rockwood Dr., St. Cloud FL 34771

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This is the perfect investment opportunity if you’re looking to to take advantage of the current growth in St. Cloud. House sits on a huge 2 acre lot with mature trees. The home is in good shape with plenty of space to work with. It will need full update, but roof was done in 2013 and A/C just last year.

Comps are not the easiest because of the area, but you have multiple manufactured/mobile homes selling/pending, in the area,  not rehabbed for 98/SF and 141/SF.  You have a 2800 SFR that is pending for 355k.  It is not rehabbed and on similar size lot.  We had to use our best judgement but feel a nicely rehabbed home would go for no less than $265k, but could definitely be more.  Our house has 1,873 SF.

New Eden, No HOA

Assignable

Est. Rehab: 35,000 +/-

Est. ARV: $265,000 +/-

Recent Area Sales / Activity:

• 1200 Rockwood Dr – 3/2, 960 SF – Pending for $135.9k
• 6855 Oaktree Ln – 4/3, 2835 SF – Pending for $355k
• 6721 Nova Rd – 3/2, 1980 SF – Sold 12/31/18 for $195k ($98.48 PSF)