Off-Market Cheap Lakefront!
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!
3rd Street NE, Winter Haven, FL 33881
INVESTMENT: $45,000
ARV: $70,000-85,000 +/-
Rental Income: $900-1,100 +/- month
ARV Rehab: $15,000-20,000 +/-
3 Bedroom 1.5 Bath
1,583 SqFt
Built: 1913
Construction: Frame
HOA: $0
Off-market and very affordable this 3/1.5 Winter Haven wood frame lakefront home sits on a large 0.39 lot. The house needs medium work: Update the upstairs, flooring, & painting. The kitchen also needs some work.The roof appears to be ok. Yard work, cleaning, plus other misc. touch ups are needed as well. $15-20k rehab estimate with $70-85K on the ARV. There are many low cash sales, but people are currently repairing and flipping houses in the $50-70K range in this area. The only other comp on the lake is a 1953 block home NOT rehabbed which sold for $58k. This house could work as an inexpensive flip or a rental. It's just a short distance from Lake Maude Nature park across the lake. Centrally located off of Avenue T NE and 1st St. N near Jewett Middle Academy, shopping, dining, and much more.
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
Broker - Gold Key - G.R.I.
FLA Real Estate Services