644 Shorelake Pl
Purchase Price: $176K
Rehab Investment: $47K
Total Investment: $73K
Under Contract: $264K in less than 10 hours
Pre-Closing ROI: 15.7%
Location: Mobbly Bayou in Oldsmar
This one was purchased for 176k and then 47k put into it and resold at 264,500 in less than 10 hrs. Turn time for rehab was about 3 months. List price was 263,500 and yes it appraised.
The story behind Kevin buying this house was that he had another clients house in the woods on 5 acres that a client wanted to buy but he knew he needed to sell his unpolished Oldsmar house first. So Kevin made the numbers work for all parties involved and he purchased the Oldsmar house and revamped every room, put in a seawall in the backyard that overlooked a small pond along with the usual kitchen and bath upgrades. The special things he did in the master bath were he removed a tub, and put in a stand up shower with $2,000 glass walls and doors and then a stone bowl sink from Indonesia on top of a granite topped new vanity. The vanity was purchased from a warehouse and was a hair too big so it took him some very custom cutting and sanding in order to make it all fit.