Value Add / Teardown in Winter Park Northwood Blvd., Winter Park FL 32789
Gem of a house in Winter Park for a low, low price. This one is in very desirable 32789, and is in great shape! Snag this for a quick close and tidy profit.
You have several plays on this one. In our opinion, the easiest play is to do the minimum. Clean it out, paint, update the bathroom and do some landscaping and stick it on the MLS for $350,000. Minimal rehab and very quick turn around. You could also do an addition to the property, as you have plenty of space and really maximize your ARV!
You’ve got lots of comps on the adjacent streets selling in the $300’s in very modest shape. Not a lot of high end rehabs selling here, which makes yours that much better. Houses with equity in this zip code don’t come along often, jump on this one while you can.