3/2/2 Flip on Double Lot Grove Pl. Land O Lakes, FL. 34639
This is a great rehab opportunity in the beautiful equestrian and boating community of Land O Lakes.
This property has a huge double lot measuring over 0.8 acre and located on a quiet cul de sac around well maintained homes. The lot can easily be subdivided into 2 large 0.4 acre lots to create more value. You can sell the other lot or build another home one it.
The home needs a full rehab but the value is there, especially with the option of selling the 2nd lot. The comps show that rehabbed houses that are not on the water are selling for about $145/SQFT. You should be able to sell the extra lot for about $30k – $35k.