116 NE 5th St, Chiefland, FL 32626
SOLD! $49,990 - Single Family
Additional Details
- Contact: Chris Williams (954) 807-9154
- Important Details: --> VACANT! --> Ready for immediate renovation!
- Features: White-picket fence house in Chiefland! This 3 bedroom, 1.5 bathroom house features 1140 sqft of living area and has already been gutted down to the studs, ready for work to begin immediately. Property sits on a 0.12 acre lot with fenced in backyard and two detached sheds. Start fresh with a property that is a blank slate!
- Rehab Description: For a flip or rental, this property will need a full rehab. Property is currently gutted down to studs. Area does not call for high end finishes. Install kitchen, bathrooms, flooring, drywall, trim and fixtures. Update Central HVAC. Electrical, plumbing, and back porch/decking may need attention. Roof appears to have useful life but may need repair/replacement. Optionally, remove the detached sheds. Pressure wash exterior, apply fresh interior paintt throughout, and do some landscaping to finish off the renovation and boost appeal.
- Potential ARV: $160,000 - $185,000
- Estimated Rehab: $50,000 - $70,000
- Ideal Investment Strategy: Rental/Resale
- Comparable Rent: $1800
- Construction: CBS
- Comp 1: 214 NE 2nd St, Chiefland, FL 32626 (3/2, 1400 sqft.) SOLD for $185K in OCTOBER (1950 build, basic rental condition)
- Comp 2: 711 N Young Blvd, Chiefland, FL 32626 (3/1, 988 sqft.) SOLD for $165K in AUGUST (1993 build, poor condition)
- Comp 3: 228 SE 2nd Ave, Chiefland, FL 32626 (2/2, 928 sqft.) SOLD for $185K in JULY (1950 build, updated)
- Comp 4: 410 NW 4th Ave, Chiefland, FL 32626 (4/2, 1536 sqft.) SOLD for $180K in JUNE (1998 build, Basic rental condition)
- Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab