Property is now vacant and easy to show! This is an off-market 3/2.5 block townhouse in Maitland. You could possibly flip this but it would also make for a solid cash-flow with equity.
Rehab is going to include interior renovations such as paint, floors, kitchen, baths, etc. If you cold get all the work done for 20k or less it would make for a good flip.
There are two 3/2.5 townhouses in the complex that sold for 158/SQFT and 176/SQFT. There is also a 2/2 that sold for 171/SQFT. Taking this all into account we feel that an ARV of 240k-260k should be attainable. For a rental, the rates for these units are about 2,900/month so that makes for good cash-flow.