Great Rental 2/1.5 in Winter Springs!
We have an equity interest in this property and are selling the contract.
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Sheoah Blvd, Winter Springs, FL 32708
INVESTMENT: $65,000
ARV: $75,000 +/-
Rehab: $5,000
2 Bedroom 1.5 Bath
1,080 SqFt
Built: 1973
Construction: Other
HOA:$262 Month
Great rental condo in very desirable neighborhood in Winter Springs! Condo needs minor repairs, and should yield great returns! The kitchen and bathrooms are in good shape. We would recommend keeping the floors, but the stairs need work. Condo needs paint and a good clean as well. The bottom floor has some damage to the ceiling. It looks like a pipe may have burst in the past. Ceiling needs to be redone on the 1st floor. The rehab can vary greatly in this condo. We are confident that you can have this condo rental ready for roughly $5,000. If an investor wanted to deck this condo out and make it new, you could spend closer to $15,000, but we think that would be excessive, and unnecessary in this community. HOA is very cheap also at only $262/month!
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, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.
Buyer will be responsible for all closing costs unless otherwise indicated.
Foster Algier, Licensed Real Estate Agent, GRI
Real Estate Investment Source of Central Florida LLC