Description
This 3-bedroom, 2-bathroom block home is situated on a cul-de-sac lot in the Richmond Heights area of Orlando. Built in 1970, the residence offers 1,833 sq. ft. living area, which is a good bit larger than many neighboring properties. The property requires a full renovation, including a new roof and extensive debris removal. Notably, the home has settlement issues that have not yet been inspected by a structural engineer, presenting a clear opportunity for investors experienced with foundation repairs. There is cracking but we can’t say if jacking the house up is necessary or not, or if you can repair the cracking without.
🛠️ Rehab Scope (Estimated)
Potential professional inspection: foundation repair as needed
Roof Replacement
Trash Out: Massive debris removal and deep cleaning needed to clear the “hoarder-style” accumulation.
Interior Overhaul: Full gut renovation including drywall repair, new flooring, kitchen modernization, and bathroom updates throughout
Systems: Inspection and likely update of HVAC
Electrical and plumbing as necessary
Full exterior cleanup, paint, and curb appeal
🟣 Comparable Sales
4669 Vargas St – 4/2 | 1,535 sf | Sold $330,000 ($215/sf) | 12/29/2025 | Renovated
4524 King Cole Blvd – 4/2 | 1,400 sf | Sold $318,000 ($227/sf) | 11/25/2025 | Renovated
4403 Brooke St – 3/2 | 1,317 sf | Sold $299,900 ($228/sf) | 10/06/2025 | Renovated
2226 Fiesta Ct – 5/2 | 1,520 sf | Active $319,000 ($210/sf) | Neighbor on same street
💰 ARV Analysis
Fully renovated homes in the 32811 zip code are selling in the $215–$228/sf range for standard sized homes. The subject property is an outlier in size at 1,833 sq. ft., offering roughly 300–500 sq. ft. more than recent comps. adjusting for the larger footprint (conservatively estimating at $195–$205/sf) and assuming a high-quality renovation:
Estimated ARV: $355,000 – $375,000 +/-
Projected Rent: $2,000 – $2,200/mo +/-