Stately Oaks Dr. NW, Winter Haven 33881

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Winter Haven Pool home in a quiet lakeside neighborhood. This home will need a complete overhaul but it already has a brand new roof and the numbers work for completing a total rehab with plenty of profit left. It sits on a large 0.35 acre lot with a big fenced in yard and a huge in ground pool. This is the least expensive pool home currently available in a one mile radius by over $200K.

The original footprint of the house has 1513 SF of living area with 2343 SF under roof. The the previous owners have enclosed the carport and porch to include a 4th bedroom and additional living area. Finishing this conversion to get the 2300+ sq ft would yield the best return, but even if it were left as a 3/2 with 1513 SF the value is still there for a pool home, especially a renovated one. Great location, just 35 minutes from Disney.

Rehab (Heavy): Kitchen, baths, floors, ceilings, drywall, AC, pool repair (resurface and new pump)

Stately Oaks, No HOA

Assignable

Est. Rehab: $50,000

Est. ARV: $180,000 – $210,000

Recent Area Sales / Activity:

• 2042 14th St NW – 3/2, 1189 SF – Sold 9/21/18 for $154k ($129.52 PSF)
• 1984 15th Ct NW – 4/2, 1498 SF – Sold 12/28/18 for $152k ($101.47 PSF)
• 1901 16th St NW – 4/3, 2136 SF – Sold 5/13/19 for $190k ($88.95 PSF)
• 121 Mirror Ln NW – 4/3, 2877 SF – Sold 1/31/19 for $267,509 ($92.98 PSF)