Additional Details

• Contact: Chris Williams (954) 807-9154 - cwillliams@propertyforce.com
• Important Details: --> Corner lot --> Possible squatters/eviction --> Tax-assessed at $31k
• Features: Investors? Possibly you! This 2 bedroom, 1 bathroom home features 804 sqft of living area plus an enclosed front porch. Home sits on a 0.12-acre corner lot. Property is vacant but may have possible squatters. Reinvigorate this homesite by completing a full renovation, being offered at half of the assessed value!
• Rehab Description: For a flip or rental, this property will need full rehabilitation, down to the studs. Install a new kitchen, bathroom, and flooring. Put in new drywall and trim/fixtures throughout. Plumbing and electrical will need attention. Consider installing Central HVAC or window units. Update the metal roof. Finish the renovation by pressure washing and painting exterior stucco and doing some landscaping to boost curb appeal.
• Estimated Rehab: $60,000 - $80,000
• Potential ARV: $150,000 - $175,000
• Ideal Investment Strategy: Rental/Resale
• Construction: Frame
• Comparable Rent: $900
• Comp 1: 508 N 13th St, Palatka, FL 32177 (2/1, 828 sqft.) PENDING IN FEBRUARY for $35K (1963 build, Similar unlivable condition)
• Comp 2: 1001 N 16th St, Palatka, FL 32177 (3/1, 1392 sqft.) SOLD for $47K in OCTOBER (1959 build, Similar unlivable condition)
• Comp 3: 2106 CARR ST, PALATKA, FL 32177 (3/1, 1056 sqft) SOLD $216k in DECEMBER (1951 build, cbs, updated, 1-car garage)
• Comp 4: 1209 N 18th St, Palatka, FL 32177 (2/1, 768 sqft.) PENDING IN FEBRUARY for $179K (1991 build, Fully updated. Slightly smaller)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab