Large Lake County Flip Under 37% LTV Rose St. Umatilla, Fl. 32784
Buyer fell through at the last second, so here is another chance to get into a 3/2 2503 SQFT property only a 2-min walk from Lake Umatilla under 45% LTV! This is on nearly 1/2 acre of land as well. Title is clear and ready to close.
This is going to need a full rehab including paint, floors, roof, A/C, kitchen, bath, landscaping etc…We have estimated about $80k to bring this one back to life and ready for the retail market.
Looking at the comps, there are some pristine rehabs that have sold for between $105-$110/SQFT. So when we use an ARV of $240k after an $80k rehab that is just being very, very conservative. Realistically, this should move in the $260k-$275k on the retail market.