Lake Nona Lipstick Flip or Rental

Orange County, Orlando, FL, 32832
Sold
Listed at: October 27th, 2023
Price
$299,900
ARV
$380,000
Gross Margin
$80,100
Sq. Footage
1771
Type
Condo
Parking
Attached Garage
Year build
2006
Lot size
acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
1
Summary

Another Lake Nona deal. These are few and far between but here's a practically move-in ready lipstick flip in a great community. The AC was replaced in 2023, I believe all other major components are original (2006). This is an end-unit, which is always the most desirable and it's located at the front of the neighborhood, within walking distance to all the amenities like tennis courts, walking path around the lake, and volleyball courts. 

There are no renovated comps, everything that has sold in the last 18 months is mostly original finishes. You could clean this up, do some paint, carpet, new fixtures, and get $360k, or you could put in some more updating into baths and maybe a kitchen, and get closer to $400k, if not over $400k. The only renovated comp is active at $440k, and it's about 150 sf smaller.

There are only TWO 3 bedroom houses/townhouses currently active within 2 miles of this property under $400k, talk about a lack of inventory! One is a second-story condo and the other is a middle-unit with a one-car garage and almost 200 sf smaller, both less desirable than the subject.

-Call 407-890-7789 -Zenn Homebuyers, LLC, or an affiliate, has this property under contract and holds an equitable interest in this property. This advertisement is for the sale of this equitable interest and contract assignment. -Sold As-Is for Cash or Private Lender Only -$10,000 non-refundable deposit is due at the time of contract assignment or signing of contract with Zenn Homebuyers, LLC. -Properties are sold As-Is with NO inspection period; Inspections must be made prior to offer. -Buyer pays all closing costs for both buyer and seller sides of the transaction. -ALL information provided including costs, rehab estimate, rental rate/return projections, ARV, square footage, etc must be independently verified. ALL data is based on opinion and estimates of Zenn Homebuyers, LLC, actual figures may vary. Square footages are taken from public records. -Risk of Loss: Real estate investment is speculative in nature and there is a risk of loss. The recipient of this information should carefully consider whether such investing is suitable for them. -NON-REPRESENTATION: Owners, members, and or employees hold a real estate license in the State of Florida. Any and all information provided is done for strictly informational purposes.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Zach Mitchell

No reviews

Disposition manager