Fire Sale near Lake Apopka Valley Dr. Apopka, FL. 32703
This is an unbelievable opportunity to get a property only 3 houses away from Lake Apopka for under $60k. This is a fire sale but at this price the return on this investment could be huge.
Obviously this is going to require a full rehab due to the fire. The property is solid block throughout and structure is sound. The right side of the house wasn’t burned but will need drywall and paint. The roof is older but the trusses are not in need of replacement per the insurance inspector.
The property is a 1,188 SQFT 2/1 as it sits and if kept that way you will have an ARV of about $150k. However there is room to make this a 3/2 by adding a 2nd bathroom. This could potentially add about 100 extra heated SQFT (Please measure personally to verify). This would put the ARV in the $180k – $195k range. We already added that cost into the max rehab estimate.