3 Bd 2 Ba Block House in Altamonte Springs! 431 Wekiva Rapids Dr

  • House
    1318 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $185,000
    Status : Available
    Year Built : 1976
 Description
431 WEKIVA RAPIDS DR
ALTAMONTE SPRINGS, FL 32714

Bedrooms: 3(4)
Bathrooms: 2
Year built: 1976
Garage: 2 Car
Square feet: 1318
PpSqFt: 140.36
Tax/Yr: 1227
Ext Const: Block


ARV: $245K-$250K

Price: $185K cash or hard $ + all closing costs


Off Market Altamonte Springs home located in the nice neighborhood of River Run. This 3/2 block just needs some cosmetic upgrades, kitchen and flooring being major priority. The home can easily be turned into a 4/2 bringing more value, the utility room is large and big enough for a kids bedroom , office, playroom, and has a closet as well, just need to put an accordian closet door where washer , dryer, and sink are. The cabinets are solid and could possibly be saved or refinished but the counter tops and flooring need to be addressed. The bathrooms have been recently redone and need a good cleaning. The flooring throughout the entire home needs to be changed. There was also a leak in the wall that was fixed and dry wall has to be replaced. The home is located off Montgomery Rd in Altamonte Springs, close to everything from main roads, restaurants, Altamonte Mall and Wekiva. Overall the bones on this home are solid and the location as stated is fantastic! Estimated Repairs: $20K - Kitchen, Flooring, Paint, Cosmetics

 Rehab Work Needed
  • Kitchen
 General Amenities
 Distance
Image Gallery

 Summary

Overview
3 Bd 2 Ba Block House in Altamonte Springs! 431 Wekiva Rapids Dr Flip/Rental
$185,000
Property ID: FL191156849
Address: Login to View
City: Altamonte Springs
State/Province: FL
Zip Code: 32714
Country: USA


Rental Analysis

+ Purchase Price: $185,000
+ Purchase Closing Cost: $5,550
+ Rehab Cost: $0
Total Acquisition Cost: $190,550


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $185,000
+ Purchase Closing Cost: $5,550
+ Rehab Cost: $20,000
Total Acquisition Cost: $210,550


+ Selling closing cost: $7,500
+ Agent Commision : $7,500
Total Holding Cost: $15,000


Total Flip Cost: $225,550
Projected ARV: $250,000
Net Income (Profit): $24,450
CAP Rate: 10.84%

 Message

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