Downtown Orlando Super Deal Arlington St, Orlando, FL 32805
Located just south of College Park and walking distance to the new UCF campus in downtown Orlando, the fixer upper is priced to sell. This property was originally a 3/2 with 1,116 sf, but at some point, the owner converted it into a 2/1 and 1/1. Based on your plan for investment use, you could leave it as is or convert it back. For a flip, I feel your best value will be as a single living space.
Property will need a full rehab, but since it’s not that big of a house, you really shouldn’t spend more than 60k, and that’s with pulling permits, if necessary. The property is currently tenant occupied, and may require some cash for keys. We are told it will be vacant at closing, but I would guess it may take a little bit of help for the tenants to get a new place quickly.
I only used that neighborhood for comps and went back a year. None of the comps are nicely renovated and only one has a decent rehab. So, it’s tough to say exactly what the ARV is. 731 W Concorde is a 3/1 with 951 sf and not rehabbed, sold for 225k. 735 W Concorde is a 2/2 with 1,266 sf and not rehabbed, sold in May for 255k. So, sky is limit here.