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Under contract-accepting backup offers. Attention investors, fix & flip professionals, and savvy buyers seeking sweat equity opportunities. This 3-bedroom, 2-bathroom home offers 1, 820 square feet of living space situated on a generous 0. 35-acre lot in a quiet cul-de-sac setting. Priced to move, this as-is property presents exceptional renovation potential for those ready to capitalize on a solid investment. The Upside: The oversized lot provides outstanding value-add possibilities, including ADU potential for generating supplemental rental income. The roof is only 11 years old, reducing a major capital expenditure from your renovation budget. Exterior window shutters add curb appeal, while a single carport and unfinished screened porch offer immediate expansion opportunities. With no HOA restrictions, investors benefit from maximum flexibility for short-term rental strategies, creative financing, or rapid resale without costly association fees or approval delays. The Work Needed: This property may require a medium rehab or cosmetic update throughout. The HVAC system may need replacement, and the unfinished screened porch will require completion to maximize livable square footage and overall property value. The Opportunity: Altamonte Springs offers proximity to highly rated schools, making this an attractive target for family-oriented buyers or tenants upon completion. The combination of an accessible price point, substantial lot size, and no HOA creates an ideal scenario for investors seeking strong returns through a fix-and-flip execution or long-term rental hold strategy. Do not let this opportunity pass. Contact us today to schedule your walkthrough and evaluate the full potential of this investment property. This won't last long. No Assignable Contracts.
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$289,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $231,999 | $231,999 | $231,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $75 | $75 | $75 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,336 | $1,486 | $1,927 |
| Total Monthly Payment | $1,486 | $1,636 | $2,077 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.