Updated over 8 years ago on .
Sanford Spanish/Mediterranean Style + Detached 1/1!
We have an equity interest in this property and are selling the contract.
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INVESTMENT: $87,000
ARV:$169,000 +/-
Rehab: $50,000-55,000 +/-
3 Bedroom 1 Bath + Detached 1/1
1,384 +500 SqFt
Built: 1923
Construction: Frame/CB
HOA:$0
Spanish/Mediterranean Style Flip in the heart of Sanford. 1,884SF 3/2 with a detached 1/1 with full kitchen in the back (not taken into account on the property apprasier). Designed by a local Historic Architect named Elton J. Moughton. Moughton was one of Florida's first licensed Architects and built the Masonic Lodge in Sanford in 1924. House needs first and foremost a new roof and a good cleaning, but a full rehab is in order. The property also boasts a huge double lot with 165 FT of frontage. So basically you can Come Save This Historic Gem! or have two large lots for right around 45K a piece.
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, GRIReal Estate Investment Source of Central Florida LLC