Investors, Flip or Keep for Cash Flow This Affordable 3/2 Home in Winter Park! Magnolia Avenue, Winter Park, FL 32792


Bedrooms: 3
Bath: 2
1 Car Carport
Concrete Block Construction
1240 SF
1/4 Acre Lot
A+ Schools (Lakemont Elementary, Maitland Middle, Winter Park High)
No HOA
Taxes: $1477 (2011)
 
This 3/2 in a nice established Winter Park neighborhood. Property is off of Aloma Ave and is zoned for Winter Park High.

Rehab for rental includes flooring, paint, and cosmetic repairs. If flipping, a new roof and general updating are needed.

Current tenants are paying $700/month and wants to stay as-is. Market rent is higher if you want to do repairs.

NEEDS
-Flooring
-Paint
-Cosmetic Repairs
-Roof (if needed)
-General Updating (if desired)

VALUES
-RealQuest: $87,000
-Tax Assessed: $70,058 (2011)
-Market Rent: $950-1200/month

RECENT SALES
-5230 N Orange Ave (3/2, 1226 sf, pool) sold 12/11 at $107,000
-5108 Goldenrod Place Rd (3/2, 1548 sf, pool) sold 8/11 at $129,900
-5108 Ferncrest Dr (4/2, 1561 sf, pool) sold 9/11 at $143,000
-7128 Wrenwood Way (3/2, 1148 sf) sold 9/11 at $92,500

Wholesale Cash Price…Only $59.9K!!
-Cash or hard money only
-Buyer pays closing costs

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CONTACT: Mitch Thomas – 407-844-5203
Investor-Orlando Home Solutions, LLC
Broker Associate/Realtor – Sand Dollar Realty Group

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