Additional Details

• Important Details: --> VACANT AT CLOSING!
• Features: New deal in Panama City! This 3 bedroom, 1 bathroom home features 908 sqft of living space with an additional 1-car detached garage and sits on a corner lot. If you possess the vision and creativity to restore this fixer-upper to glory, then this is the perfect opportunity for you. Located conveniently off Hwy 98, only a short drive to Tyndall AFB and St Andrews State Park. Don't miss out on this one being offered vacant at closing!
• Potential ARV: $245,000 - $265,000
• Estimated Rehab: $40,000 - $60,000
• Rehab Description: For a flip or rental, this needs a full renovation. Modernize the interior by updating the flooring, kitchen, bath, and fixtures/trim/windows. Apply interior interior paint throughout. Roof and central Central HVAC need to be replaced. Plumbing and electrical may need attention. Finish up with landscaping and optionally pour a concrete driveway to boost appeal!
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1600
• Construction: CBS
• Comp 1: 112 Rowe Ave N, Panama City, FL 32401 3/1, 975 sq ft SOLD $225K in JUNE 2023 (1949 build, dated, .24 acres)
• Comp 2: 124 N Harris Ave, Panama City, FL 32401 2/1, 756 sq ft SOLD $217K in MAY 2023 (1951 build, updated, .23 acres)
• Comp 3: 302 S Palo Alto Ave, Panama City, FL 32401 3/2, 1099 sq ft SOLD $280K in MAY 2023 (1984 build, dated, .19 acres)
• Comp 4: 348 N Bonita Ave, Panama City, FL 32401 2/1, 1078 sq ft SOLD $250K in JUNE 2023 (1949 build, dated, .17 acres)