2.57 Acre Land with 2400sqft Single Family Home

  • House
    2400 ft2
    bedroom 6 Bedrooms
    bathroom 3 Baths
  • Flip
    $165,000
    Status : Available
    Year Built : 1978
 Description
Here is your 2.5 Acre (111,949 sqft) Land with 2400sqft Single Family Home FLIP. This property features 6\beds, 3\bath and a huge Lot. The city allows to subdivided the Land so that you can build multiple residential homes. It is time to make a good ROI if you go this route. The property was used as a Day Care before at one time. Also, a shopping cart manufacturing used the property so they build a warehouse as well away from the house. Property is currently vacant and ready for rehab. This property will not last. We will be on site today2/9/2018 showing the property to investors, builders, and contractors at 3:30pm EST. Call and let us know if you are on your way so that we can wait for you.
 Rehab Work Needed
  • Bathroom
  • Bedroom
  • Floor
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Open Floor Plan
  • Paint Exterior
  • Paint Interior
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

1240 Emmel Rd, Lake Helen, FL, USA, 32744

Sold : $325,000

Comparable #2

490 W Michigan Ave, Lake Helen, FL, USA, 32744

Sold : $285,000

Comparable #3

610 Ravenshill Way, Lake Helen, FL, USA, 32744

Sold : $215,000

 Summary

Overview
2.57 Acre Land with 2400sqft Single Family Home Flip
$165,000
Property ID: FL190235794
Address: Login to View
City: Lake Helen
State/Province: FL
Zip Code: 32744
Country: USA


Flip Analysis

+ Purchase Price: $165,000
+ Purchase Closing Cost: $4,950
+ Rehab Cost: $60,000
Total Acquisition Cost: $229,950


+ Selling closing cost: $9,420
+ Agent Commision : $9,420
Total Holding Cost: $18,840


Total Flip Cost: $248,790
Projected ARV: $314,000
Net Income (Profit): $65,210
CAP Rate: 26.21%

 Message

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