Description
This 3-bedroom, 1-bathroom single-family home is located just east of Downtown Orlando. Built in 1945, the property has 1,098 sq. ft. of living area and sits on a 7,521 sq. ft. lot. The house requires a full cosmetic rehab but does have a metal roof with no known issues and an HVAC system that is approximately 5 years old.
Repairs Needed (estimate)
Cosmetic Update: Full interior modernization required, including new flooring, drywall repair, paint, and updated fixtures to reach max retail value.
Kitchen & Bath: Complete gut and update of the kitchen and bathroom to compete with the $345k+ comparable sales in the immediate area.
Systems Check: HVAC is functional (~5 years old); metal roof requires standard inspection to confirm remaining lifespan.
Exterior: Pressure washing and landscaping clean-up
🟣 Comparable Sales
1401 E Harding St – 3/1 | 1,052 sf | Sold $360,000 ($342/sf) | 1958 Built | Direct Bed/Bath & Size Comp
1980 Mae St – 2/1 | 1,266 sf | Sold $345,000 ($273/sf) | 1945 Built | Larger footprint, inferior bed count
2443 E Jersey Ave – 2/1 | 822 sf | Pending $270,000 ($328/sf) | 1955 Built | Smaller footprint
2320 E Crystal Lake Ave – 2/1 | 872 sf | Sold $200,000 ($229/sf) | 1925 Built | Baseline floor
💰 ARV & Rental Analysis
The most direct comparable is 1401 E Harding St, a 3-bedroom, 1-bathroom home of similar size (1,052 sq. ft.) that recently sold for $360,000 ($342/sf). Additionally, the sale of 1980 Mae St for $345,000, even for a 2-bedroom layout.
Estimated ARV: $350,000 – $365,000 +/-
Projected Rent: $2,100 – $2,300/mo +/-