Additional Details

• Important Details: --> Vacant at close --> Pool Home --> No HOA
• Features: Great textbook flip opportunity in Lake Wales?! This CBS 3-bedrooom, 2 bathroom features 1398 of living space, a spacious lanai, an inground pool, fenced in yard, and sitting on a large lot. Being offered VACANT at close, with plenty of upside as a flip. Prime central location in Lake Wales. Near shopping centers, restaurants, attractions, and major highways. Don't miss out on this opportunity!!
• Potential ARV: $260,000-$280,000
• Rehab Description: For a flip or rental, this property will require a full renovation. On the outside, replace the roof, the AC unit was recently replaced and in great working order, and address the pool issues. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. Finish up with landscaping to boost curb appeal!
• Estimated Rehab: $60,000-$70,000
• Comparable Rent: $1800-$2000/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 4918 Wales St, Lake Wales, FL 33859 3/2 1426 SQFT 1959 Build SOLD @ $240,000 09/27/24 (Clean/updated/no pool)
• Comp 2: 4980 Washington St, Lake Wales, FL 33859 3/2 1268 SQFT 1984 Build SOLD @ $230,000 09/20/24 (Slightly smaller/updated/no pool)
• Comp 3: 4942 Roosevelt Ave, Lake Wales, FL 33859 3/2 1264 SQFT 1979 Build SOLD @ $240,000 06/20/24 (Slightly smaller/dated/no pool)
• Comp 4: 4733 Avon St, Lake Wales, FL 33859 3/1.5 1360 SQFT 1961 Build SOLD @ $230,000 06/10/24 (Dated/no pool)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab