Cheap Lake County Flip South St. Groveland, FL. 34736
This property is located close to downtown Groveland with lots of potential. This house is a 3/1 cottage style home that’s a few blocks away from Groveland Elementary School and in close vicinity to restaurants, gas stations, parks, and other recreation. It has the potential to be a flip or a rental. The house features a welcoming living room with a brick fireplace and a screened in front porch which is perfect for outside living space. It also has large bedrooms and an eat in kitchen with ample dining space. The back porch would make a perfect utility/laundry room. This house sits on a nice 1/4-acre lot.
This fixer upper is going to require a full rehab. The floors, kitchen and bathroom will all need to be renovated. The metal roof over the main portion of the house appears to be in good shape with no signs of leakage; however, it is rusted out over the back porch and should be replaced. The back porch basically needs to be rebuilt. The electrical will need to be updated along with replacing the A/C and a new water heater is needed as well. The sub flooring will need to be repaired. The interior needs new drywall throughout, followed by new fixtures. There are some areas along with exterior which will require new siding. The house will need to be topped off with a fresh coat of paint inside and out.
The comps show that this house fully rehabbed on the retail market should sell for around $95,000.