Additional Details

• Contact: Chris Williams (954) 807-9154 - cwilliams@propertyforce.com
• Important Details: --> 2/2 House on 2.8 acres! --> No HOA! -->15-day post-closing occupancy w/ $10k holdback
• Features: New deal on 2.8 acres in Old Town! This 2 bedroom, 2 bathroom house features 1,408 sqft plus a loft, gas fireplace, 2 wells, and a detached large storage shed. Home sits on private and spacious 2.8 acres minutes from Cross City, Fanning Springs, and countless outdoor recreation areas. 45-minute drive to Gainesville. Property is being sold with a 15-day post-closing occupancy with a $10k escrow holdback.
• Potential ARV: $200,000 - $220,000
• Rehab Description: Recent updates include metal roof, heat pump, electrical panel, dual-pane windows, and rear deck. For a flip or rental, start with a trash out of the property. Deep clean interior and apply fresh interior paint throughout. Optionally, upgrade kitchen, appliances, and bathrooms - does not call for high end finishes/fixtures. HVAC will need repair or replacement. Metal roof appears to be in good condition with plenty of useful life. Pressure wash/paint exterior and do some landscaping to boost appeal.
• Estimated Rehab: $15,000 - $25,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1400
• Construction: Frame
• Comp 1: 881 NE 558th St, Old Town, FL 32680 (3/2, 1340 sqft.) SOLD for $217K in FEBRUARY (1990 build, Rental condition, smaller lot. 2.48 acres)
• Comp 2: 1135 NE 173rd Ave, Old Town, FL 32680 (3/2, 1456 sqft.) SOLD for $210K in DECEMBER (2020 build, Newer mobile home, smaller lot. 2.23 acres)
• Comp 3: 288 NE 899th St, Old Town, FL 32680 (3/3, 2748 sqft.) SOLD for $278K in JANUARY (1984 build, Clean rental condition. 13 acres)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab