Available
$150,000(ARV: $260,000)58% of ARV

Lake County, Sorrento, FL 32776

2 bd1 ba1,200 sfBuilt 1994

3 days ago

Gross spread$110,000

Description

Sorrento Value-Add Deal – Block Home on Nearly Half an Acre! Property Details 2 Bed / 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: $150,000 EMD: $5,000 COE: 8/27/2026 Photos: [contact details hidden] 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 Assignment Price: $150,000 – Don't miss this Sorrento investment opportunity with solid comps, a large lot, and significant upside after renovations! Contact for Details & Viewing:Helena Wu - Call / Text: [contact details hidden]

Property

Bedrooms2
Bathrooms1
Square feet1,200
Lot size19,384 sf
Year built1994
ConditionFull Rehab
OccupancyVacant
ParkingCarport

Systems & condition

HeatingOther
Air conditioningNone
FoundationOther

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing88
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