This is a 3/2/2 1518 sf flip in College Park. As you know College Park is one of the hottest neighborhoods to flip houses in all of Orlando. It is also zoned R-2 so it opens up options if you wanted a multi-family dwelling. The sellers started converting the garage, which is 575 sf into living space. I would highly recommend finishing it because, even at $200/sf, it would add at least $100,000 to your value.
The comps are attached in the pics. We feel this should easily get $375,000 – $390,000 on the retail market, without the conversion. With the conversion, you are looking at just under $500,000.
- ARV: $499,000+/-
- Rehab: Heavy
- Taxes/yr: $5,013
- Subdivision: College Park South