Wilson Ave., Orlando, FL 32804

REDUCED!

Price WAS: $179,000

New Price: $172,000

no images were found

This is a great opportunity to flip, or tear-down and build new on a great lot right in highly desirable College Park. Property was used as a makeshift duplex by the previous owner. If you’re planning on tearing down and building new, new-build townhouses are being sold for $299k each. There is room on the lot to build two townhomes, and the lot is already zoned for multi-family property. Views of the new townhouses built right across the street are included in our pictures.

If you’re planning on repairing the existing home, we’ve estimated a $60k renovation (breakdown below) to reach an ARV of $299k. The house will need to be totally redesigned since its currently a 2/2 so you’ll need to renovate one of the kitchens/family spaces into the 3rd and/or 4th bedroom. Bring your tools and creativity and you’ll be able to make this place a true masterpiece. Vacant, on combo lock, so call now for more info and to schedule an appointment to check out the inside.

College Park / Fairvilla Park – Zoned Multi Family – No HOA

Assignable

Est. Rehab: $60,000+

Est. ARV: $299k (Flip), $600k (New Build)

Itemized Repairs:

• Kitchen: 10k
• Bathrooms: 6k
• Flooring: 13k
• Paint: 3k
• Pluming/Electric: 4k (not full upgrades, just miscellanea)
• Windows/Doors: 4k
• Roof: 1k (not a full replacement, just miscellanea repairs)
• Driveway: 4k
• Landscape: 2k
• Architect/design: 1k
• Demolition: 2k
• Framing: 2k
• Exterior Repairs: 3k (siding repair/curb appeal)
• Miscellaneous: 5k

Total Repairs: $60k

Recent Area Sales / Activity:

• 1601 Bryn Mawr St – 2/2, 1215 SF, very nicely updated – Sold in 5 days for $265k
• 3121 Knollwood Cir – 3/1, 888 SF, updated – Sold in 11 days for $250k
• 2610 Rio Grande Ave – 3/2, 1464 SF, nice updates – Pending at $299k.
  Subject property is over 100 SF bigger and is in a much nicer part of the neighborhood.