Opportunity for Monster Profit by Lake Sybelia!

[Foster Algier]

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

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Hillman Avenue, Maitland, FL 32751

INVESTMENT: $310,000

ARV: $499,000 +/-

ARV Rehab: $80,000 +/-

4 Bedrooms 3 Bath

2,720 SqFt

Built: 1969 (2,000 SqFt added in 2008)

Construction: Block

HOA: $0/mo

Take a long hard look at this awesome opportunity a block from Lake Sybelia with deeded Lake access. House currently sits on 0.44 acres of land with a newer tile roof, 4-ton AC, plumbing, electrical, and double pane windows. Additionally, the home has solar panels providing a 60% reduction on the cost of electric. In 2008, over 2,000 SqFt was added to this home, basically making this a newer built property.

The catch to getting this house so cheap is that it doesn't have a garage or pool, where almost all of the surrounding comps do. You could build a nice 2 car garage with an apartment above and if you do a really nice rehab inside, you could get away with not having a pool. The house already has a good layout and vaulted ceilings, but will need modern updating to get top dollar.

Comps in the area that are not on the water average is $189/SqFt, with a high of $209/SqFt. If you add additional square footage above garage, your ARV will almost certainly be higher. Five of the seven comps sold in less than 30 days which indicates this area is primed and ready for a nice house like this to hit the retail market. Property is occupied so please call 407-668-4396 to schedule a showing.

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services