Apopka Flip with 135k Spread

Orange County, Apopka, FL, 32703
Sold
Listed at: September 13th, 2023
Price
$201,900
ARV
$335,000
Gross Margin
$133,100
Sq. Footage
1184
Type
Single-Family
Parking
Attached Garage
Year build
1971
Lot size
acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Huge flip spread here but it will come with a full rehab. This house looks to need everything but a roof. Roof permit from 2022 as well as an electrical permit from 2022 to replace meter can. Has been vacant for a number of years.

Existing code enforcement lien on property. We are currently working with the seller and the County to get this reduced to a much smaller amount. Permits will need to be pulled on the renovation based on the Counties knowledge of the property.

Comps:

2211 Deanna Drive - $335k; 1,443sf (enclosed garage)

313 S Atlas Drive - $339k; 1,048sf

1627 Wekiva Crossing Boulevard - $335k; 1,303sf

2021 ADAMS RIDGE Road - $385k; 1,321sf (bigger lot)

2222 ADAMS RIDGE Road - $325k; 1,098sf

1565 Sunset View Circle - $345k; 1,307sf

1548 Sunset View Circle - $335k; 1,255sf

-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

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