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 Off Market! Huge Historic House in Downtown Sanford! Loaded with Potential! 320 Pine Ave

  • House
    2380 square_feet
    bedroom 4 Bedrooms
    bathroom 2 Baths
  • Flip
    $139,900
    Status : Available
    Year Built : 1920
 Description
320 Pine Avenue
Sanford, Florida 32771 

Price: $139,900
ARV: $315,000 
Bedrooms: 4
Bathrooms: 2
SF: 2,380
PPSF: $58.78
Built: 1920
Construction: Wood Framing/Plaster 

This off-market, historic house located in Downtown Sanford has so much to offer! It's just steps from beautiful Lake Monroe, Wayside Park and the Sanford Museum! The upgraded metal roof was put on very recently and expected to last more than twenty years. Its $58.78/ppsf represents one of the cheapest in all of Sanford. There is a plethora of opportunity for the investor that restores it. It even has the original four, yes FOUR, original brick fireplaces! Some of the original hardwood floors can stay and be refinished. Several high quality windows were recently installed. The bathroom is somewhat updated as well.The patio, balcony, and potential in this house only increases its value. 

Repair Estimate: $115,000 
This house will need a near-complete renovation. Additionally, central a/c and heat will need to be installed throughout the house. The comps will give a good idea of this house's potential.If interested, call or text Zachary Tuohey at 407-928-0307 or email me at ZTuohey23@gmail.com Thanks! 

Zachary Tuohey
Sand Dollar Realty
SL3435375 

*CASH or HARD MONEY LOAN ONLY
*Buyer to conduct due diligence before committing to purchase
*$3,000-$5,000 Earnest Money Deposit Required
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Bedroom
  • Floor
  • Heater
  • Kitchen
  • Master Bedroom
  • Paint Exterior
  • Paint Interior
 General Amenities
 Distance

 Summary

Overview
Off Market! Huge Historic House in Downtown Sanford! Loaded with Potential! 320 Pine Ave Flip
$139,900
Property ID: FL191212305
Address: Login to View
City: Sanford
State/Province: FL
Zip Code: 32771
Country: USA


Flip Analysis

+ Purchase Price: $139,900
+ Purchase Closing Cost: $4,197
+ Rehab Cost: $115,000
Total Acquisition Cost: $259,097


+ Selling closing cost: $9,450
+ Agent Commision : $9,450
Total Holding Cost: $18,900


Total Flip Cost: $277,997
Projected ARV: $315,000
Net Income (Profit): $37,003
CAP Rate: 13.31%

 Message

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