3 Bd 2 Ba Block House in 32805! 2411 W Gore St

  • House
    1487 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $99,900
    Status : Available
    Year Built : 1962
 Description
2411 W. Gore St.,
Orlando, FL  32805

Bedrooms:   3
Bathrooms: 2
Carport
Ext. Construction: Block

Living SF: 1,487
Built: 1962
HOA: $0
Annual Taxes: $175
Lot size: .23 acres

Rehab: Medium
 
ARV: $160K - $169K

Price: $99,900 -  cash or hard $ + all closing costs

This house is a block 3/2 with 1,487 sf located 3 blocks North of Clear Lake and just East of John Young Pkwy.  The house needs cosmetic rehab throughout, including the flooring, but the good news is that the house is terrazzo throughout, so you may be able to rip up the old stuff and shine the terrazzo.  The roof is a rolled roof but seller is unaware of any leaking.  There are tenants that are currently in the process of being moved out, so we couldn’t see everything.  Looks like they were doing some plumbing work, but I am not sure if it is just located in that area only.  You will need to replace an electrical panel as well.You have 2 solds and one pending in the last six months in that little neighborhood.  One was a 2/1 and smaller and the other sale was a 3/1 and smaller.  Your pending is a 3/2 and bigger but is pending for 195k.  We feel 105/sf is very safe.Showings will be difficult on this one, so please do your due diligence and drive by first.
 Rehab Work Needed
  • Appliances
  • Bedroom
  • Floor
  • Kitchen
  • Master Bedroom
 General Amenities
 Distance
Image Gallery

 Summary

Overview
3 Bd 2 Ba Block House in 32805! 2411 W Gore St Flip/Rental
$99,900
Property ID: FL19118868
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32805
Country: USA


Rental Analysis

+ Purchase Price: $99,900
+ Purchase Closing Cost: $2,997
+ Rehab Cost: $0
Total Acquisition Cost: $102,897


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


Flip Analysis

+ Purchase Price: $99,900
+ Purchase Closing Cost: $2,997
+ Rehab Cost: $25,000
Total Acquisition Cost: $127,897


+ Selling closing cost: $4,920
+ Agent Commision : $4,920
Total Holding Cost: $9,840


Total Flip Cost: $137,737
Projected ARV: $164,000
Net Income (Profit): $26,263
CAP Rate: 19.07%

 Message

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