Winter Haven, FL
600 Sears Av was originally a 0.254-acre lot, with one house from the 70s, in plywood, measuring 2,700 sqft. Maison Invest tore it down, split the lot, and built two affordable single-family dwellings.
Each house has 1,013 sqft, three bedrooms, two baths. The new lot size is around 0.12 acres. The original house was purchased in April/2023 in a Tax Deed Sale at Polk county.
The house was torn down in December 2023, construction happened from January 2024 until June 2024, was put under Sales's contract in August 2024, and closed in September 2024. The house appraised for a FHA loan.
Purchase Price: $31,452
Holding Cost: $146,057
Sale Price: $235,000 (gross)
Sale Price: $208,098 (net)
Profit: $30,590
ROI: 17%, in 10 months
