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Orange County · Apopka, FL 32712

225k Spread Lakefront Apopka Flip

$495,000
3
Beds
2
Baths
2,900
Sq ft
1975
Year built
41% ARV upside$224,000 gross margin

About this property

Lakefront!! That says it all. Lakefront houses live in their own little submarket and the buyers who want lakefront are just waiting for something to come up. These are always difficult to comp out but my comps below show full support for something around the $700k mark. Highlights -2019 Roof -2019 HVAC -2017 Water Heater -Updated Square D Electric Panel -Block Construction -Just for reference, becuase it's too old now, but 2012 Lake Alma Dr sold for $862,000 a few years ago and it's 8 houses away. <<<Call 407-890-7789>>> Comps: 1163 Oakpoint Cir - Sold for $775k; 4/2/2; 2,500 sf; Nice house but older finishes; Had a pool and solar so adjusting $75k for those. 265 Liverpool Cove - Sold for $775k; 4/3; 2,446 sf; Lakefront comp. No pictures but says fully renovated. Has a pool. 536 Sir Arthur Ct - Sold for $700k; 5/4; 2,931 sf; Lakefront comp. Same size but not updated. Has a pool. 1151 Oakpoint Cir - Sold for $659k; 4/2.5; 2,461 sf; Fully updated; 440 square feet smaller; Not lakefront 2433 Duquesne Ave - Sold for $730k; 3/3/2; 2,723 sf; Nice but older updates. Very nice backyard with pool and detached garage. 523 N Lake Pleasant Road - Sold for $700k; 4/2; 3,049 sf; This is an older sale but it shows support for this lake at $700k.

Property snapshot

Layout3 Bed / 2 Bath
Living area2,900 sq ft
Lot size1 sq ft
Year built1975
Property typeSF Home
CountyOrange County

Deal details

Asking price$495,000
ARV estimate$699,000
Spread41% upside
Gross margin$224,000
Brought to you by
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking
$495K
ARV est.
$699K
Spread
41%
Run this in the flip calculator
M
Ms. Meriam
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