Updated almost 10 years ago on .
Richmond Heights Solid Rental!
We have an equity interest in this property and are selling the contract.
http://www.FACSOLD.com/
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Covington St, Orlando, FL 32811
INVESTMENT: $65,900
ARV:$100,000-105,000 +/-
Rental Rehab :$8,000-10,000+/
Flip Rehab:$16,000-20,000 +/-
3 Bedroom 1 Bath
1,240 SqFt
Built: 1964
Construction: Block
HOA:$0
Rents: $850-950 +/-
Home with a nice open layout, needing updates/repairs to kitchen, bathroom in good shape needs clean up and minor repairs, rest of home paint, and usual cosmetics. Tile flooring through out most of home needs minor repairs, cleaning, rooms have carpet which needs updating. There are two extra rooms which need minor repairs, but could be turned into an extra room and even add extra bath. A few windows need repairs and outside trim needs some cosmetic repairs, updates and paint. Roof is older, might need changing but its holding up. Electrical needs to be checked and a new a/c compressor needed. Central location, very close to schools, shopping and transportation. Close to all major highways and downtown Orlando. Taxes = $793/yr, Public Utilities, No HOA.
COMPS:
1805 Aaron Ave 3/1 block built 1965, 1,194 sq-ft, recently updated home, sold 7/16 $100,000
1403 Amaros Ave 2/1 block built 1962, 768 sq-ft , recently updated home, sold 7/16 $70,000
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