Additional Details

• Important Details: --> Vacant at closing! --> 3/2 mobile home --> Tax-assessed at $56k!
• Features: This 3 bedroom, 2 bathroom mobile home features 1,286 sqft of living area plus a large deck. Property sits on a spacious 0.39-acre lot minutes from Lake Weir and less than 15 miles from both Ocala and The Villages. Property is being offered vacant at closing!
• Rehab Description: For a flip or rental, a basic rehab will be needed. Start with a minor trash out. Replace flooring and apply fresh interior paint/wallpaper throughout. Install new shower/tub in one of the bathrooms and consider updating the 2nd bathroom and kitchen. Area does not require high end finishes. Roof may be nearing end of useful life and may need to be replaced. Electrical needs attention and the panel needs to be replaced. HVAC and plumbing are in good working order. Finish by pressure washing the exterior and repairing some exterior trim and doing some landscaping to boost appeal. Optionally, repair or remove the frame addition/shed.
• Potential ARV: $140,000 - $160,000
• Estimated Rehab: $20,000 - $35,000
• Comparable Rent: $1200
• Construction: Manufactured Home
• Ideal Investment Strategy: Rental/Resale
• Comp 1: 10320 SE 127th Ln, Belleview, FL 34420 (3/2, 1626 sqft) SOLD for $210k in FEBRUARY (1990 build, partially updated)
• Comp 2: 10015 SE 126th Pl, Belleview, FL 34420 (2/2, 1030 sqft) PENDING for $170K in APRIL (1986 build, Rental condition)
• Comp 3: 12900 SE 106th Ct, Belleview, FL 34420 (3/2, 1248 sqft) SOLD for $148k in FEBRUARY (1985 build, dated interior)
• Comp 4: 12105 SE 103rd Ct, Belleview, FL 34420 (2/1, 1122 sqft) PENDING for $85k in FEBRUARY (1967 build, smaller and dated, only 1 bath, much older build, In our immediate pocket)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab