Eustis Flip or Cash-Flow Louis Ct. Eustis, FL. 32726
Property Detail
Type
Single Family Home, **SOLD** Status
Flip, **SOLD** Location
Florida
Sub Location
Eustis
Price
$109,000
Sq. Ft.1,025Bedrooms3Bathrooms1.5ARV$165,000Rent/mo$800 - $1,300RehabModerateGarage1 CarPoolNoneTaxes/yr$1,930.38Lot Size (Acres)0.2964ConstructionBlockWaterfrontNoneYear1984SubdivisionPine Ridge Ests
Property Description
This is a solid 3/1.5 block house with a 1-car garage in Eustis. It works as either a flip or cash-flow. The property is currently tenant occupied with the tenant paying $800/month which is well below market value. They can either stay or be out by closing.
The house is in decent rental condition and has a new AC. For a flip, it will need cosmetic renovations to the kitchen, baths paint and floors. It will also need a new roof.
The comps are pretty straightforward in this neighborhood. Newly renovated homes of the same bed/bath/SQFT are selling for about $165,000.
