W. Smith St., Orlando FL 32804

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This is the cheapest active, pending, and sold in the last year within College Park proper. This is going to be walking distance to the up and coming Packing District, which broke ground last month. Smith is a busier road, but I only comped it with homes on this road.

The way we broke it down after analyzing the property, we feel you have 3 main options:

1. You could keep it as it is with a 1 car garage and 771 sf, and rehab it.

1. You could enclose the garage and utilize that sf, making the home 1,012 sf.

1. Lastly, you could tear the house down and build new. You have plenty of new builds that sit on South and Princeton, that are fetching $700,000 and up. The difference between the 771 and 1,012 sf is *$265,000 to $300,000, 0r so.

As a rehab, you will need a new roof, new A/C, paint in and out, add a paver driveway, flooring (refinish or new), open up the kitchen wall and install new kitchen, new bath, paint in and out, and landscaping.

College Park, No HOA

Assignable

Est. Rehab: Heavy or Tear Down/Build New

Est. Monthly Rent: $1,800 +

Est. ARV: $265,000 +

Recent Area Sales / Activity: 

• 1131 W Smith St – 2/1, 953 SF – Pending for $264.9k
• 1212 W Smith St – 2/1, 915 SF – Pending for $265k
• 1405 W Princeton St – 2/1, 865 SF – Sold 4/9/19 for $265k ($306.36 PSF)
• 1129 W Princeton St – 2/2, 919 SF – Sold 11/9/18 for $264k ($287.27 PSF)
• 1011 W Smith St – 2/2, 1563 SF – Sold 9/30/19 for $345k ($220.73 PSF)
• 1202 W Smith St – 3/2, 1720 SF – Sold 9/6/19 for $413k ($240.12 PSF)
• 2114 N Westmoreland Dr – 3/2, 1473 SF – Sold 7/9/19 for $468k ($317.72 PSF)
• 2500 N Westmoreland Dr – 3/2, 2064 SF – Sold 11/26/18 for $489.5k ($237.16 PSF)