|Cash Sale||$ 899,900|
|Deed Type||Warranty Deed|
|Location||1635 Dale Avenue, Winter Park, FL 32789|
|Number Of Bedrooms||2|
|Number Of Bathrooms||2|
|Building Size||1836 Sq.Ft.|
|Legal Description||COMSTOCK PARK K/87 LOT 32 (LESS W 20 FT) & ALL OF LOTS 33 & 34 & W 20 FT OF LOT 35 BLK C|
|Lot Size||0.55 Acres|
|Road Access||Paved Road|
|Utilities||Please contact county|
Beds: 2 Baths: 2 SqFt: 1,836
ARV: $3.2M+ Repairs: $1.1M
This deal is not for the faint-hearted but the strategy is very simple. With 2 homes already situated on the property one could rent out one of the homes while building a new home on the other. However, with new construction selling well north of $370/sq and several builders actively building in the area, split this 150x158 lot into two, build 2 brand new homes and with a price tag of of $1.6-$2 million each, take home a sizable profit. 2 new construction homes: Appox $1.1 million. Anticipated sales price for both homes: $3.2 million plus.
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