Wildwood Flip with Extra Lot Gray Ave. Wildwood, FL. 34785
***This is an owner financed property with the following terms:**
$90k financed at 8% // Interest only payments for up to 12 months.
This is a wood framed single family residence sitting up on a concrete block foundation on a .53 acre lot. It is 3 beds and 2 baths with a living area of 1,728 sf. The property has a new AC unit and the roof is only 5 years old so it should have plenty of life left in it. The lot on the left of the house can be subdivided off and sold separately for $15,000 – $20,000 as well so we estimate the overall ARV with the option of selling the lot is $190,000 – $210,000.
Overall the property is in decent condition. The usual major repairs are mostly out of the way. The inside will need a complete rehab. I would update the kitchen, bathrooms, and floors. Also, the house will need a new water heater. There are a couple places in the ceiling that will need to be patched or replaced as well.