Lake Placid 3/6 Fix-and-Flip - New Roof

About this property

Property Overview Address: Lake Placid, FL 33852 Property Type: Single Family Beds / Baths: 3 / 6 Living Area: 1,520 SF Year Built: 1984 Lot Size: 2,202 SF Condition: Light Rehab Ask Price: $241,900 Estimated ARV: $304,407 Key Features & Highlights Charming front elevation with a mature grand daddy oak providing natural shade and curb appeal. Prime Lake Placid location near Lake Country Elementary School, Winn-Dixie, restaurants, the town center, fire department, and community park/boat ramp access. Roof replaced in 2024. AC installed in 2011. Septic system replaced in 2013. Solid value-add opportunity in an established neighborhood with strong local amenities. Repairs Needed Light rehab throughout. Interior cosmetic updates as needed. ARV Breakdown & Comparables Subject property: 3 bed / 6 bath, 1,520 SF, built 1984, light rehab. Nearby closed-sale comparables in Lake Placid show a range of roughly $187,000 to $399,900, with several 3-bed single-family homes trading in the $230,000 to $360,000 range. Most relevant comp support includes: 111 Blue Moon Ave - 3/7, 1,488 SF, sold for $360,000. 100 Harmony Ave - 3/6, 1,549 SF, sold for $350,000. 216 Phantasy Ave - 3/6, 1,491 SF, sold for $298,600. 334 Sunshine Ave - 3/7, 1,569 SF, sold for $230,000. The information provided in this section (ARV and comparables) is for demonstrative purposes only and should not be taken as fact. Investment Potential Strong entry point for a value-add investor seeking a manageable light rehab. Recent roof replacement reduces near-term capital expense risk. Attractive resale potential in a demand-driven Lake Placid pocket close to schools, shopping, and recreation. Room to capture spread between purchase price and ARV with disciplined renovation execution.

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