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 Downtown Orlando Zoned Commercial $200k until retail!

  • House
    2288 square_feet
    bedroom 3 Bedrooms
    bathroom 3 Baths
  • Flip
    $439,900
    Status : Available
    Year Built : 1940
 Description
Property Description: Jump, hop or skip over to Delaney park, live in a desirable area zoned for two of the most coveted schools (Blankner k-8 and Boone HS) or simply use it for its commercial value, this is as rare of a deal one might have seen in ages. As hard as a deal like this is to come by, it's even harder to simply pass up on it. It's multifaceted zoning (Office space and residential) allows an investor several disposition options. Additionally, it is situated right in the heart of downtown which allows for a wide range of commercial options including but not limited to leasing/selling to a law firm, real estate office, title company etc. As a residential option, one could simply do the required rehab and flip it for a substantial profit. With similar size single family homes selling well in the $300/ sq ft range, one can be certain of the profit potential this deal presents. Property Features Include: Zoned residential and commercial, hardwood flooring throughout, well preserved interior. Flip Rehab: $80k Full updates throughout.
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Paint Exterior
  • Paint Interior
  • Yard
 General Amenities

 Summary

Overview
Downtown Orlando Zoned Commercial $200k until retail! Flip
$439,900
Property ID: FL200648119
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32801
Country: USA


Flip Analysis

+ Purchase Price: $439,900
+ Purchase Closing Cost: $13,197
+ Rehab Cost: $80,000
Total Acquisition Cost: $533,097


+ Selling closing cost: $19,050
+ Agent Commision : $19,050
Total Holding Cost: $38,100


Total Flip Cost: $571,197
Projected ARV: $635,000
Net Income (Profit): $63,803
CAP Rate: 11.17%

 Message

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