Tangelo Park Light Flip

Description

Here’s a three bedroom, one bathroom concrete block home with a small carport on a nice corner lot in Tangelo Park. The previous owner has taken excellent care of the home over years. A new roof was installed in 2017, main electric panel updated in 2013, and HVAC system replaced in 2016. With most of the major ticket items taken care of, this allows for a light renovation. Currently tenant occupied on a month to month basis at $1,100 monthly rate. Owner has posted a notice to vacate as well, however tenant states they can pay a possible higher rental rate of $1,500.

Based on neighboring market values, we’re estimating a conservative after repair value of $310,000. With the new Epic Theme Park Universe neighboring, expect this pocket to increase in value.