3/2 Leesburg Flip $155K | $247K ARV | $40K+ Net Profit 🏡

About this property

This 3-bedroom, 2-bath block single-family home in Leesburg, FL 34748 offers 1,489 square feet on a slab foundation with vinyl siding, built in 1955, with a metal roof from 2016 and HVAC from 2018. Updated shaker cabinets are already in place and a fourth bedroom is ready to be finished; remaining work includes finishing the flooring, updating the bathrooms, new light fixtures, and landscaping and cleaning, with no major issues. The price is $165,000, with an ARV of $245,000, market rent of $1,650/mo, and an estimated rehab of $25-30k. Closing is on or before August 21, financing is cash or hard money only, and the property is sold as-is. Recent area comparable sales include three 3-bedroom, 2-bath homes sold at $249,000, $245,000, and $242,400, and a 2-bedroom, 2-bath home sold at $225,000.

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