CHEAP and Expandable House in Ocoee! 1003 Jamela Drive

House

1051 ft²

2 Bedrooms

1 Baths
Flip/Rental

$119,900

Status : Available

Year Built : 1959

Description

1003 Jamela Drive
Ocoee, FL 34761

Bedroom: 2(Easily Convert back to 3 Bed)
Bath: 1
Ext Const: Block
Parking: N/A
Built: 1959
Sqft: 1,051
Ppsf: 114.08
Tax/Yr: 545.00
Septic/Sewer: Septic
HOA: N/A
County: Orange
Avg Rent = 1300/Mo
Gross Rent ROI = 10%

ARV: $189,900
Price: $119,900 cash or hard $ + all closing costs

Property Overview: This home has been well kept by the previous tenant for 9 years. It is in need of updating throughout to include putting the walls back up for the 3rd bedroom. But, with Recent sales that show properties selling for 170+ psqft and rentals in the area going for 1300+/mo. makes this property a No Brainer.

Property Features include; Location, Block, newer HWH, nice lot

Flip Rehab: 25-30k
Roof, Interior and exterior painting, kitchen and bath updates, a/c system and ducts, flooring, minor cosmetics, yard cleanup. Panel box has been updated but the home has not been rewired.

Rent Rehab: 15k-20k
Interior and exterior painting, kitchen and bath updates, new flooring, minor cosmetics, yard cleanup. Could use a new roof eventually but currently no signs of leaks or damage. Panel box has been updated but the home has not been rewired. Currently has 3 wall units.

Rehab Work Needed