Access Our List Of Discounted Invested Properties Today | Get Started >
  • This field is for validation purposes and should be left unchanged.

1607 26th Street Orlando, FL 32805 Assigned

  • $110,900
  • 3 beds
  • 1 baths
  • 950 sqft
Assigned

1607 26th Street Orlando, FL 32805

Total SF: 950
Bedrooms: 3 | Bathrooms: 1
PPSF: $112.52
Year Built: 1959
Lot: 7,650 sqft
A/C: Central
Construction: Block
Here is the easy flip that you’ve been waiting for! This block SFH needs just a light renovation to reach its peak. It’s located in the up-and-coming 32805 zip code where the Orlando City soccer stadium and new police station are located. Plans to transform this neighborhood will continue as well. More information on this transition can be found here: OBTNext – Redevelopment

The roof on this one is only 3 years old. Central A/C is already installed! All of the work that has been done was properly permitted (screenshot from OCPA in link) so you don’t have to worry about issues arising when it comes time to resell. I’ve carefully inspected the exterior of the house and it shows no signs of settling/cracking. The foundation is sound. The exterior was just painted as well. The sales comps (in the link) fully support a conservative $165,000 ARV. The rental comps (in the link) also support a $1,200/month market rate after renovations.

There are just a few primary renovations to finish this property:

Flooring – Remove, install tile/laminate, and add baseboards: $6,500
Install new kitchen cabinets, countertops, and appliances: $6,000
Replace the interior A/C handler and exterior A/C condenser: $4,000
Miscellaneous repairs reserve – (kitchen drywall, living room ceiling, touchups, & hardware): $1,500
Total Cost: +/-$18,000

Flip Breakdown

Purchase price: $106,900

+ 2% Closing costs: $2,150

+ Holding costs (2 months): $500

+ Renovation cost: $18,000

Total Cost: $127,550

Sale Price: $165,000

– 5% Realtor commission: $8,250

– 2% Closing costs: $3,300

Net Proceeds: $153,450

Net Income: $25,900

Net ROI: 20.3%

Rental Breakdown

Total Cost: $127,550

Rental Income: $1,200/month

– Taxes:$150/month

– Insurance: $100/month

Net Profit: $950/month

Net Cap Rate: 9.00%

Available on 01.29.2021

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

Make An Offer On This Property

  • This field is for validation purposes and should be left unchanged.

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:
$110,900
Address:
1607 26th Street
Orlando, Florida 32805
Square Feet:
950
Lot Size:
7,650 sqft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1959

Additional Features

1607 26th Street Orlando, FL 32805 Total SF: 950 Bedrooms: 3 | Bathrooms: 1 PPSF: $112.52 Year Built: 1959 Lot: 7,650 sqft A/C: Central Construction: Block

Call (954) 280-5883 for more details

Property Location