Huge 5/4.5 Fixer On Golf Course!

[Foster Algier]

http://www.FACSOLD.com/

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CalusaBlvd, Eustis FL 32736
PRICE: $199,000

ARV: $305,000 - $315,000 +/-

Rehab: $45,000 - $50,000 +/-

Rent: $1,400 - $1,600 +/- (Zilpy)

5 Bedroom 4.5 Bath

3640 Sq Ft

Built: 2005

Construction: Block

Huge 2005 built 5/4.5/3 that backs up to the fairway at the Black Bear Golf Club. House is in good condition and just needs the standard high end renovations for a flip. It could also use some proper landscaping to add curb appeal. A rehab estimate of 40k to 50k is due to the size of the home. Comps on the golf course are selling between 87/sf - 102/sf w/ a fully renovated PNC comp @ 119/sf. Using the low end of the $/sf, will put the ARV right around 315k. A clean, newer construction on a golf course with solid comps under 200k is hard to come by!

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract and a special warranty deed. Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier, Licensed Real Estate Agent, GRI
Sand Dollar Realty Group, Inc.