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Apopka Chain Of Lakes

waterfront house !!!

Asking Price: $149,900

Property Overview:

2 beds / 2 baths

Home Size : 1028 Sq Ft

Lot Size: 0.14 acres

Year Built: 1960

Garage : 1 Car

This is a true diamond in the rough, unlike majority of the canal sales this property has a clear channel with docks on both home sides opening up to the "Tsala Apopka Chain of Lakes" with access both through Eden Park Boat Ramp and the public boat ramp north of the property.

The home itself needs a full updated remodel with solid bones. The roof does need replacing with estimates ranging from $6-7k along with requiring a Mini Split A/C system as the home was built without sufficient crawl space for an attic style unit. We have previously added these types of units in this situation and have contacts to purchase for $1300-1500 per unit (3 Needed)

When evaluating our comps you will notice the renovated comps Non-Waterfront and the unrenovated waterfront are similar pricing, so we do believe a renovated waterfront will fetch $250-275 per square foot dependent on finishes

Based on our own renovation histories we do believe you can sufficiently renovate this size home for $30-40k + $10k for the roof/ac, we based our numbers on a $50k budget just to be overly conservative as we have noticed not all investors have our connections

Property Condition:

Roof: 15+ years old

HVAC: no HVAC

Sold Comps in the Area:

Due to waterfront comps being limited we included both older and newer comps to give a easier

pricing range, along with including both waterfront and non-waterfront

1913 S Westlake Dr. Inverness, Florida 34450

2/1 - 1277 Sq Ft / Original / Waterfront

Date Sold: 10/11/2022 - Sold Price: 225,000

https://www.zillow.com/homedetails/1913-S-Westlake-Dr-Inverness-FL-34450/43632223_zpid/

318 Quail Roost Dr. Inverness, Florida 34453

2/2 - 1275 Sq Ft / Renovated / NOT WATERFRONT

Date Sold: 09/23/2022 - Sold Price: 235,000

https://www.zillow.com/homedetails/318-Quail-Roost-Dr-Inverness-FL-34453/43612859_zpid/

9719 E Monica Ct. Inverness, Florida 34450

2/2 - 912 Sq Ft / Renovated / NOT WATERFRONT

Date Sold: 08/26/2022 - Sold Price: 200,000

https://www.zillow.com/homedetails/9719-E-Monica-Ct-Inverness-FL-34450/43622682_zpid/

7418 E Allen Dr. Inverness, Florida 34450

2/1 992 Sq Ft / Semi Renovated / Waterfront

Date Sold: 05/23/2022 - Sold Price: $272,500

https://www.zillow.com/homedetails/7418-E-Allen-Dr-Inverness-FL-34450/43613950_zpid/

Pending Comps in the Area:

1106 S Otto Point Inverness, Florida 34450

2/2 - 1301 Sq Ft / Renovated /WATERFRONT

Pending in 7 Days - Sold Price: 319,000

https://www.zillow.com/homedetails/1106-S-Otto-Point-Inverness-FL-34450/43613913_zpid/

1214 Lake Shore Dr. Inverness, Fl 34450

2/2 - 1359 Sq Ft / Renovated / WATERFRONT

Pending in 5 Days- Sold Price: 415,000

https://www.zillow.com/homedetails/1214-Lake-Shore-Dr-Inverness-FL-34450/2063674782_zpid/

CLICK THE “WIN IT NOW FOR $159,900” TO AVOID THE BIDDING AND LOCK THIS DEAL IN!!!

We review ALL offers and accept backup offers

DON’T MISS OUT ON THIS OPPORTUNITY

*** Non-Refundable $5,000 EMD due upon signing ***

Closing Date is scheduled for December 4, 2022

***PLEASE DO YOUR OWN DUE DILIGENCE REGARDLESS OF OUR ACCURATE ANALYSIS***

(DO NOT APPROACH PROPERTIES WITHOUT PERMISSION / TENANTS IN PLACE)

ATTENTION WHOLESALERS: We are direct to seller on all properties. Do not market our properties without permission. We do not allow daisy chaining.

OUR BRAND SPONSORS:

FLAGSHIP TITLE: https://flagshiptitle.com/contact/ - 813-875-1200

CENTRAL LENDING: http://www.centrallending.com/ - 863-276-1220