Property Description:
his 2-bed, 1-bath, 912-sf single-family home sits on a 0.40-acre lot, which is one of the biggest parcels in this Port Orange pocket. The property is tenant-occupied, currently paying $350/week ($1,400/month). The home is a 1946 build with a 10-year roof, 3-year window units, and a simple interior layout typical of mid-century cottages in this area. Lot size is the real differentiator: smaller houses like this on similar sized lots are selling for amount.
Access is by appointment only due to tenant occupancy.
🛠️ Rehab Scope (Projected)
- Full interior cosmetic renovation: flooring, paint, fixtures
- Kitchen and bath update (cabinets, counters, tile)
- Exterior siding repairs + full exterior paint
- Landscaping and lot clean-up to present value of oversized parcel
- Add AC and ducting or mini splits system
🟣 Comparable Sales
- 129 Rogers Pl – 2/1 | 754 sf | 8,800 sf lot | 1966 – $292,000 | $387/sf
- 5010 S Ridgewood Ave – 2/1 | 720 sf | 10,400 sf lot | 1946 – $325,000 | $451/sf
- 111 Carlton Pl #1–2 – 2/1 | 720 sf | 0.42 acres | 1952 – $255,000 | $338/sf
📈 ARV Conclusion
Subject is:
- Larger than all comps (912 sf)
- On a 0.40-acre lot, which is a major premium
- All the comps are 2/1’s as well
Given size advantage + lot size advantage:
⭐ Projected ARV: $315,000 – $325,000 +/-