Downtown Flip near Lake Eola E Ruth Ln. Orlando, FL. 32801
If you have been waiting for a grand slam opportunity that’s ready to close quickly, then wait no longer! House is located in the heart of Downtown Orlando with some serious meat on the bone. You can not get anymore downtown Orlando than this house, Lake Eola is 2 blocks away. We are selling this house for $116/sqft, which is a true unicorn of a price point for this area. The last time a house in this zip code sold for that cheap of a price/sqft was 5 years ago.
This house, and the houses on either side of it, are owned by Trinity Church. The church had these properties physically moved to this location about 10 yrs ago. The utilities have not been connected. So you will need to have that done along with a full rehab.
The main downside is of this property is the lack of a backyard, but with recent comps in a quarter mile all having super small lots as well, it seems 240/sf after rehab is the marker to aim for. Plus, to offset the lack of yard, right behind the house, is a fenced in park and small soccer field owned by the church. When I asked the church if the buyer of this house could use that park they replied “It is private property, but the fence is not locked”. So take that for what it is.
This is an absolute grand slam and will sell quick.