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Lake County · Sorrento, FL 32776

💰💰Sorrento Value-Add Deal – Block Home on Nearly Half an Acre!

$160,000
2
Beds
1
Baths
1,200
Sq ft
1994
Year built
$100K spread

About this property

Sorrento Value-Add Deal - Block Home on Nearly Half an Acre! Property Details 2 Bed + 1 Den / 1 Bath / Carport Livable Area: 1,200 sqft (per tax records) Lot Size: 19,166 sqf tLot Dimensions: 50 x 380 Year Built: 1994 (Block) Flood Zone: AE Financials ARV: $260,000 Market Rents: $1,700/mo Assignment Price: $160,000 EMD: $5,000 COE: 8/27/2026 Notes Needs a new roof. Needs a new HVAC system. Needs a new water heater. Well and septic systems need updating. Deep lot with plenty of room for future improvements. Comparable Sales 31314 Deal Drive - Sold for $262,000 on 2/26 2 Bed / 1 Bath / 1,036 sqft / Fairly Remodeled (Block) 26312 Sleepy Hollow St - Sold for $290,000 on 6/26 2 Bed / 2 Bath / 1,331 sqft / 1981 Built (Remodeled, Block) 30848 Deal Dr - Sold for $287,000 on 5/26 2 Bed / 2 Bath / 1,136 sqft / 1984 Built (Remodeled, Block) Investment Highlights Solid block construction built in 1994 Nearly half-acre lot (19,166 sqft) with a unique deep layout Affordable entry point with strong value-add potential Strong comparable sales support the projected ARV Great candidate for a renovation and long-term rental or flip Projected rental income of approximately $1,700/month Excellent opportunity for investors looking for space and upside

Property snapshot

Layout2 Bed / 1 Bath
Living area1,200 sq ft
Lot size0 sq ft
Year built1994
Property typeLand
CountyLake County

Deal details

Asking price$160,000
ARV estimate$260,000
Spread (ARV − asking)$100,000
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
$160K
ARV est.
$260K
Spread
$100K
Run this in the flip calculator
M
Ms. Meriam
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