Amazing opportunity 3/2/pool in 32801!

[Foster Algier]

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Mc Jordan Ave., Orlando FL 32801

INVESTMENT: $199,900

ARV: $309,900-319,900 +/-

Rehab: $60,000-65,000 +/-

3 Bedroom 2 Bath

1,559 SqFt

Built: 1957

Construction: Block

HOA:$0

Rare downtown pool flip! An unbelievable opportunity to flip a 3/2 with a pool in the 32801 zip code. Not only are you in downtown Orlando, but your purchase price is under $200k!!

We won't sugarcoat it, this house needs a lot of work. Needs completely new roof, new kitchen and bathrooms, the floors need to be floated throughout the house, you need paint in and out, landscaping, work on the pool, as well as some new pool screens, and a couple windows.

With all that being said, this is an amazing opportunity. Comps for this zip code have gone through the roof. Many of the comps we pulled are in the slightly less desirable 32803 zip code and still warrant a value of well over $300k! If you take the LOWEST price per square in the surrounding area for a rehabbed comp, it puts our value at $325k. We took off slightly because of the proximity of the public housing across the street. If you don't mind doing a full rehab, there's no way you can lose flipping a house in this area, in this zip. Get it while you can!

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