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Key Details
Sold Price $155,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,186 sqft
Price per Sqft $130
Subdivision Queens Mirror South Rep
MLS Listing ID O5755002
Sold Date 01/26/19
Bedrooms 3
Full Baths 1
Half Baths 1
Construction Status No Contingency
HOA Y/N No
Year Built 1971
Annual Tax Amount $1,773
Lot Size 6,098 Sqft
Acres 0.14
Property Description
CASH ONLY! Beautiful quaint area! Casselberry Flip Available! - RESELL VALUE OF $210,000 - THIS PROPERTY IS A STEAL! A Smaller property sold (by 67 sq.ft.) upgraded, sold for $219,000 on 12/10/18-->661 KENTIA ROAD. A larger property (by 50 sq.ft.) NOT fully upgraded, sold for $200,000 on 11/2/18-->600 HIBISCUS ROAD. This property already has fantastic floors, baseboards in place, a granite countertop kitchen with upgraded cabinets, and really needs cosmetic work! Work Scope:
--UPDATE BATHROOM 1 - $1450
(tile shower--$500 with material/pre-fabricated vanity with fixtures--$300/medicine cabinet mirror and lights--$250/misc--$250/new toilet--$150 installed)
--UPDATE BATHROOM 2 - $950
(pre-fabricated vanity with fixtures--$300/medicine cabinet mirror and lights--$250/misc--$250/new toilet--$150 installed)
--PAINT EXTERIOR: $1200
--PAINT INTERIOR: $1000
--PAINT MATERIAL: $1000
--LANDSCAPE: $500
--DOORS/HANDLES/LIGHTS/FANS $1500
--ROOF (in fine shape, needs gutter cleaning and some fascia cleaning, touch ups and wash/bleach) $1500
--APPLIANCES $1500
--20% OVERHEAD OF ABOVE ($10600): $2120
--TOTAL REHAB PROJECTION: $12,720
$147,900 + $12,720 REHAB = $160,620 - Resell for $210,000, Net Income After Closing Costs (SINGLE SIDE COMM) = $198,000
$198,000 - $160,620 = $37,380 NET INCOME on $160,620 = 23%!! AMAZING RETURNS!
NO INSPECTION CONTINGENCIES, CLEAN AND CLEAR TITLE, AND 10-14 DAY CLOSE MAX. MUST CLOSE BY 1/26/19.
Location
State FL
County Seminole
Community Queens Mirror South Rep
Zoning R-8
Interior
Interior Features Ceiling Fans(s), Open Floorplan
Heating Central
Cooling Central Air
Flooring Tile
Fireplace false
Appliance None
Exterior
Exterior Feature Fence, Sliding Doors, Storage
Utilities Available Cable Available, Public
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with PORZIG REALTY
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