FEATURES:

This CBS single-family home in an established Spring Hill neighborhood is coveted by end buyers in this market. The acquisition price reflects a significant discount given the sinkhole condition, and the deal is structured for an experienced investor who knows how to scope and execute a remediation.

The interior needs a full cosmetic rehab — paint, flooring, kitchen, bathrooms, and fixtures. The HVAC is five years old and should be serviced since the property has been vacant the last 4 years. The roof is fifteen years old, which in Florida puts it at or near the threshold where most insurance carriers require replacement before issuing a new policy; budget accordingly. The sinkhole remediation is the primary variable in this deal and the price is reflective of that. No settling was discovered in the inspection.

Renovated CBS homes in this zip code have solid resale demand, and this property with its garage, city sewer, and no HOA falls squarely in the demand window once sink hole remediation and cosmetics are complete.

Spring Hill continues to attract retirees, first-time buyers, and remote workers priced out of the Tampa and Pinellas markets, keeping demand for affordable, renovated product steady.

COMPS: 

610 Kittredge Dr Orlando, FL 32805 – 1456sqt – Original – Sold for $407k

532 Madison Ave Orlando, FL 32805 – 1960sqft – Original – Sold for $385k