Flip or Cash-Flow in Leesburg Cambridge Dr. Leesburg, FL. 34748
This single family dwelling has lots of potential as a flip or a buy and hold. It is located in a quiet part of town with easy access to major roadways, shopping, and restaurants. It is currently rented for $700/month but can bring in $1300-$1400/ month. It can also be flipped with an ARV between $140k – $145k. The property features a spacious open floor plan. The garage has been enclosed and is used as a 3rd bedroom, making this house much bigger than tax roll.
For best value, a full rehab will be needed. The roof appears to be in bad shape with signs of leaks that have been painted over. The block structure is solid and intact. The kitchen is a galley style but can be easily opened out for an open floor plan or remodeled as is. The bathrooms will need updating, since both are original. There is a screened-in porch in the back that needs to be re-screened or can be torn down. The yard is fenced-in and will need to be cleaned up with some fresh landscaping. Optimally, installing a central HVAC system would really maximize the return.