Additional Details

• Important Details: -->Needs a new roof --> Assume Section 8 Tenants @ $900/MO --> No HOA --> Great rental or Resale Opportunity
• Features: This property at 514 Lynch Street offers a solid opportunity for an investor looking to add value through a targeted renovation. The home currently has Section 8 tenants and is approved for Section 8. Current tenants are in the process of moving out by closing, providing a clean path for renovation and resale. With the major systems and interior finishes needing attention, the property presents plenty of room to improve the overall condition and appeal for an end buyer.
• Potential ARV: $140,000-$150,000
• Rehab Description: To maximize resale value, this property will require a more comprehensive renovation. The roof and AC will need to be replaced, while the kitchen and bathrooms should be updated with modern finishes, fixtures, and materials. Additional improvements should include fresh interior paint, updated flooring as needed, new lighting and plumbing fixtures, and a thorough cleanup throughout the property. Addressing these items will significantly improve the home's overall appearance, functionality, and resale appeal while allowing the investor to create a more competitive finished product for the Pensacola market.
• Ideal Investment Strategy: Resale/Rental
• Comparable Rent: $900-$1,100
• Construction: Frame/Siding
• Comp 1: 3412 W Desoto St, Pensacola, FL 32505 3/1 858 SQFT 1935 Build SOLD @ $155,000 5/15/26 (Older/dated)
• Comp 2: 514 Fitzgerald St, Pensacola, FL 32505 3/2 984 SQFT 1942 Build SOLD @ $148,000 6/10/26 (Older/Dated)
• Comp 3: 419 Grandview St, Pensacola, FL 32505 3/1 1177 SQFT 1960 Build SOLD @ $145,000 8/06/26 (Older/Updated)
• Hard Money: Hard Money Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money