🏡 Charming Investment Opportunity in Lakeland, FL! 🌟

Polk County, Lakeland, FL, 33805
Sold
Listed at: July 24th, 2024
Price
$175,000
ARV
$285,000
Gross Margin
$110,000
Sq. Footage
1180
Type
Single-Family
Parking
Detached Garage
Year build
1950
Lot size
0.24 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
1
Summary

🏡 Charming Investment Opportunity in Lakeland, FL! 🌟


🏠 Details: 2 Bed / 1.5 Bath / Detached Garage
🔢 Livable Area: 1,180 sqft (per tax records)
📏 Lot Size: 10,454 sqft
🏗️ Year Built: 1950 Block

💲 Asking Price: $175,000
💰 EMD: $5,000
📅 COE: 8/24/24

📸 View Photos Here

🚀 Investment Highlights:

  • Potential for Value Addition: Convert to a 3/2 to maximize returns.
  • Detached Garage: Equipped with electrical and plumbing, offering additional 400 sqft.
  • Strong ARV: Priced attractively below the ARV of $285,000.

🛠️ Condition Notes:

  • Roof: 10 years old.
  • AC: 10 years old, needs servicing.
  • Status: House is vacant, ready for renovation.

📊 Comparable Sales:

  1. 1442 N Gilmore Ave - Sold for $300k on 7/24
    • 3 beds / 2 baths / 1,185 sqft / Built in 1947 (Remodeled, Block)
  2. 1804 N Lake Ave - Sold for $265k on 3/24
    • 3 beds / 2 baths / 1,354 sqft / Built in 1926 (Clean/Updated, Wood Frame)
  3. 1422 W Lake Parker Dr - Sold for $265k on 4/24
    • 3 beds / 2 baths / 1,323 sqft / Built in 1954 (Clean, Wood Frame)

📞 Contact us today to schedule a viewing or for more information about this fantastic investment opportunity in Lakeland, FL!


DISCLAIMER:

This company has a direct contract with the seller. Legal action will be taken against anyone who contacts the seller directly. The property is sold as-is, with the buyer responsible for all closing and escrow costs. Buyers must conduct their own due diligence. No guarantees are made regarding property condition, value, or benefits. This is an assignment of contract with exclusive rights to purchase. We are not brokers and do not represent the seller. Contacting the owner without our consent will result in legal action. Buyers should verify all permits and information with the city/county building department.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Helena Wu

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