Cheap Fire Sale in Lakeland Padgett Pl. S, Lakeland, FL. 33809
Here is an opportunity to get a cheap property in Lakeland with this fire sale. This is a 3/2 1,268 SQFT singe family home in Padgett Estates.
For the rehab, the majority of the house is going to have to be rebuilt. However, the slab base and the block are still standing which are 2 of the most expensive items of a new build. Everything else will need to be done. The cost of new construction is in the ballpark of $100/SQFT. With the slab and block not needing to be done, it could be less.
Renovated houses with the same bed/bath/SQFT seem to be selling in the $220,000+ range. With this being basically a new build, you could conceivably have an ARV over $220k.