Saint Cloud Flip on Just Under 2 Acres Rockwood Dr., Saint Cloud FL
This is the perfect investment opportunity if you’re looking to to take advantage of the current growth in St Cloud. It sits on a huge 2 acre lot with mature trees. The home is in good shape with plenty of space to work with. It will need full update, but roof was done in 2013 and A/C just last year.
Comps are not the easiest because of the area, but you have multiple manufactured/mobile homes selling/pending, in the area, not rehabbed for 98/sf and 141/sf. You have a 2800 sfr that is pending for 355k. It is not rehabbed and on similar size lot. We had to use our best judgement but feel a nicely rehabbed home would go for no less than $265k, but could definitely be more. Our house has 1,873 sf.