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New flip in Winter Park at a great price point! House sits in established subdivision and is ready for an investor to put their touches on it.
House is in need of the following updates: kitchen and bath upgrades, new flooring throughout, interior paint, and a couple of new windows. There are two main items that will require your attention. First, the roof took some hurricane damage and lost a bunch of shingles. Second, the garage conversion was poorly done. You can either demo the work that has been done, bringing it back to 1,749 sf and converting back to a 2-car garage. Or, you can put some money into making it nice and keep the house almost 2,200 sf.
Even with the garage converted back, and losing that square footage, you will have no problem getting $160-$175 per square for a rehabbed house in this subdivision. This will comfortably put your ARV at $299k. It could easily be more, but you will be setting a neighborhood high. Even so, there is no reason to believe you can’t get top dollar!
Georgetown Estates, No HOA
Est. Rehab: $30,000 – $40,000
Est. ARV: $299,000 +
