Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $155,000-$180,000
• Estimated Rehab: $20,000-$45,000
• Comparable Rent: $1,300-$1,400
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 340 W BULLARD AVENUE, LAKE WALES, Florida 33853 -- 3/1/1296 sqft -- SOLD $200k, SEP 2022 (Clean/updated)
• Comp 2: 132 S 4TH STREET, LAKE WALES, Florida 33853 -- 2/1/1069 sqft -- SOLD $180k, JULY 2022 (Clean/updated)
• Comp 3: 301 N WETMORE STREET, LAKE WALES, Florida 33853 -- 3/1/928 sqft -- SOLD $175k, JUN 2022 (Clean/updated, 1940 frame bungalow)
• Rental Comp 1: 136 W ORANGE AVENUE, LAKE WALES, Florida 33853 -- 2/1/744 sqft -- LEASED JUN 2022 @ $1400 (Clean/rental condition)
• Rental Comp 2: 424 DR J A WILTSHIRE AVE W, LAKE WALES, Florida 33853 -- 3/1/680 sqft -- LEASED SEP @ $1300 (Clean/rental condition)
• Rehab Description: For a rental, cosmetic updates are optional. Deep clean and apply some fresh paint. Roof may need be to be addressed and AC units are in good working order. For a flip, cosmetics updates are recommended. Start with a deep clean and update kitchen, bathroom, and floors. Replace the AC units with a Central HVAC system and address the roof. Finish off with fresh paint!
• Features: BLOCK HOME UNDER $100k?! This 3 bedroom, 1 bathroom home is located in Lake Wales, FL! This homes features CBS construction, a spacious Florida room, and can serve as a flip for quick profits or a rental with equity! Minutes away from Downtown Lake Wales and close to highways for convenient travel to larger metro cities like Tampa, Lakeland and Orlando!
• Important Details: --> Month to month tenant paying $1,000 --> Market rents $1300 - $1400
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab