Additional Details

• Important Details: --> VACANT AT CLOSING! --> Tax assessed at $100k!
• Features: This historic 2 bedroom, 2 bathroom home features 1,464 sqft of living space, a Florida room, and a screened porch. Property is on 2.2 acres off of Hwy 17. This area allows for USDA approved loans!
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $200,000 - $225,000
• Rehab Description: For a flip or rental, this needs a cosmetic update to the interior. Update the flooring throughout and update the kitchen and bathrooms. Deep clean and apply fresh interior paint. Central HVAC, metal roof, septic, and well all recently updated.
• Estimated Rehab: $30,000 - $50,000
• Construction: Frame
• Comparable Rent: $1000
• Comp 1: 1540 N Hwy 17, Palatka, FL 32043 (2/2, 1392 sqft) SOLD $279k in OCT (1979 build, partially updated, carport, 3 acres, directly on the main road)
• Comp 2: 134 Pine Cone Trl, Palatka, FL 32177 (3/2, 1736 sqft) SOLD $218k in APR (2006 build mobile home, 2.3 acres)
• Comp 3: 930 Landreth Rd, Green Cove Springs, FL 32043 (3/2, 1455 sqft) SOLD $145k in NOV (1975 build, cash sale, 5 acres)
• Comp 4: 860 Warner Rd, Green Cove Springs, FL 32043 (3/2, 1824 sqft) PENDING $320k (1999 build, USDA loan approved at 0% down, 1.29 acres)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab