Updated almost 9 years ago on .
Affordable Edgewater Fix'n'Flip!!
We have an equity interest in this property and are selling the contract.
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Buena Drive, Lakeland, Florida 33805
INVESTMENT: $111,900
ARV: $195,000-205,000 +/-
Rehab: $35,000 +/-
3 Bedrooms 2 Bath
1,923 SqFt
Built: 1957
Construction: Block
HOA: $0/qtr
This 3/2 Edgewater flip has plenty of room for profit and several unique qualities. This home is in need of a total rehab. Kitchen, baths, floors, paint, remove wallpaper and spruce up the outside, etc. We are calculating this to be worth about $205k. There are smaller properties in the same subdivision, with basic to no updates, that sold for $107/sqft.
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