1111 W 9th St., Sanford, FL 32771

1111 W 9th St., Sanford, FL 32771
Photo 1 of 1
$37,000
Sold on 6/23/18
Beds Baths Sq. Ft. Taxes Built
3 1.0 1,480 $550 1920
On the market: 22 days
View full details, 15 photos, school info, and price history
31% NET PROFIT!!! APPROX, AFTER REHAB! Where Else Will You Find This Opportunity In Such A Hot Market?!? PLEASE READ ENTIRE DESCRIPTION!! This Property Comes In At Only $37 Per Sq Ft!! SAME COMMUNITY HAS A CURRENT ONE FOR SALE AT $56/FT!!
Fully Rehabbed Comp In The Same Exact Neighborhood And 30 Years Older Than This Home Has Sold For $92/ft, And That Was Before This Hot Market/summer Season!! Properties Across The Street And Within Half A Mile, Same Year Or Older, Fully Rehabbed, Have Sold At $119, $129 And Even $144 Per Sq Ft!! This Property Needs Approximately $40k-$45k. EVEN IF YOUR COST IS $110,000 AFTER REHAB, IF YOU SELL THIS FOR AT LEAST $105/SQ FT, YOUR NET AFTER CLOSING COSTS AND PAYING REALTOR COMMISSION LANDS APPROXIMATELY AT $144,000. PROFIT OF $34,000 ON A VERY HIGH-END COST OF $110,000 = 31% (THIRTY ONE PERCENT PROFIT!!). ROOF IS A TIN ROOF AND LOT IS 6000 SQ FT, AND THE BACK IS ALREADY FENCED-IN. CASH ONLY, NO INSPECTION, $2000 ESCROW REQUIRED AT MINIMUM. PLEASE SUBMIT BEST AND FINAL OFFER BY 5 P.M., 6/5/2018. PLEASE INQUIRE WITH YOUR REALTOR FOR THE COMPS MENTIONED ABOVE OR INQUIRE. All estimates provided are approximate numbers and are not finalized and are only estimates.
Listing courtesy of Husain Jaffer, RE/MAX MARKETPLACE