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1524 Watts Avenue Orlando, FL 32809 Available

  • $271,900
  • 3 beds
  • 2 baths
  • 1,788 sqft

1524 Watts Avenue Orlando, FL 32809

Bedrooms: 3 (4 after carport conversion) | Bathrooms: 2
Square Feet: 1,788 (2,218 after carport conversion)
Current PPSF: $149.83
Lot Size SF: 8,212
Year Built: 1958
Construction: Block
A/C: Central
Private Pool: Yes
Here is the perfect flip in the perfect location! Retail buyers are begging for a home like this to come on the market once it has been fully renovated. This single family home is loaded with massive air bnb potential as well. Renovate the interior and add a resort-style pool bar with landscaping then watch your bank account soar!

This block home is located on corner lot, less than half a mile from Lake Conway, 5 minutes from the Orlando International Airport, 10 minutes from Downtown Orlando, and only 15 minutes from Disney/Universal. While the Belle Isle community prohibits air bnb, this particularly property falls just feet away from that forbidden zone where air bnb is permitted. 1604 Swann Ave is down to the studs, has no pool, listed at $350,000 and pending. 7130 Gondola Dr was recently renovated, has a pool, and sold on 10/21/2021 for $490,000. The median sold PPSF is $197.10. The estimated ARV PPSF is less than that, at just $189.36. A conservative ARV of $420,000 was used. There is potential for additional profit.

The private, enclosed pool area will make the perfect entertainment area. The house will have a spacious and inviting open concept once the kitchen/living room wall is knocked down. The A/C system is only 4 years old. Converting the carport to additional living space will add 430 more square feet. The half bath was converted to a full bath by adding a shower (unpermitted). Additionally, there are dual driveways and a two-car covered carport.
Here is an estimate and vision of what it would it would take to maximize profit:

Convert the enclosed carport to an additional bedroom: $12,000
Remove existing cabinetry: $1,500
Install and finish drywall: $4,000
Connect air duct: $1,500
Reconfigure electrical if needed: $1,500
Paint: $1,000
Pull the permit: $1,000
Miscellaneous reserves: $1,500
Install wood-look tile flooring throughout (2,218 sf): $15,000
Reroof: $12,000
Gut and update bathrooms (shower in the master was recently done but not permitted): $10,000
Light pool resurfacing and/or paint: $3,000
Remove non-load bearing portion of living/kitchen wall: $800
Install new kitchen cabinets: $4,000
Stainless steel appliances: $2,000
Granite/Quartz countertops: $2,000
Convert the pool shed to a pool bar: $2,500
Resort-style landscaping throughout: $3,000
Exterior paint: $2,000
Detailed interior paint: $3,500
Miscellaneous reserves: $2,000
Total Cost: $73,800

Flip Strategy:

Purchase Price: $267,900

+ 2% Closing costs: $5,350

+ Renovation: $73,800

Total Cost: $347,050

Sales Price: $420,000

– 4% Realtor Commissions: $16,800

– 2% Closing costs: $8,400

Net Proceeds: $394,800

Available on 10.26.2021

Don’t let this excellent opportunity pass you by! Get it yours now!

Make An Offer On This Property

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DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property

The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement

Price:
$271,900
Address:
1524 Watts Avenue
Orlando, Florida 32809
Square Feet:
1,788
Lot Size:
8,212 sqft
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1958

Additional Features

1524 Watts Avenue Orlando, FL 32809 Bedrooms: 3 (4 after carport conversion) | Bathrooms: 2 Square Feet: 1,788 (2,218 after carport conversion) Current PPSF: $149.83 Lot Size SF: 8,212 Year Built: 1958 Construction: Block A/C: Central Private Pool: Yes

Call (954) 280-5883 for more details

Property Location