$10K REDUCTION - Winter Park Fix'n'Flip!!

[Foster Algier]

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

http://www.FACSOLD.com/

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Nottingham Drive, Winter Park, FL 32792

INVESTMENT: $205,000

ARV: $285,000-299,000 +/-

Rehab: $30,000-35,000 +/-

3 Bedrooms 2 Bath

2,056 SqFt

Built: 1969

Construction: Block

HOA: $0/yr

This Winter Park flip is back with a $10K discount to boot! It's in need of cosmetic repair and has a huge potential upside! House is a 3/2 with over 2,000 SqFt of living space in one of Central Florida's most desirable zip codes! House needs updating throughout. Kitchen and baths will need to be replaced, as will flooring. The A/C needs a new compressor...current seller was quoted a price of $1,800 to fix. Needs interior paint and a few windows, as well as a new sliding glass door. The kitchen is a blank canvas...with the right design, you can really make it pop for a potential Winter Park buyer! There is some variance in the ARV, but there are several factors that point to great potential upside. We feel that $140/SqFt, or $285,000, is a very conservative number. Days on market in this neighborhood are very short. Additionally, there are some pendings that, if closed, could raise your price tag to at or above $300K! Values in this neighborhood have been increasing and you are getting in at a great price point. All signs point to a potential surplus of equity when you are ready of flip!

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