Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $200,000-$225,000
• Estimated Rehab: $50,000-$60,000
• Comparable Rent: $1,500
• Construction: FRAME
• Occupancy: Call your Agent!
• Comp 1: 429 W 6th Ave - 3/2 with 1,073 sq/ft - Fully Updated with en-suite - Sold 02/2022 $270k!
• Comp 2: 1518 Proctor St - 2/1 with 1,026 sq/ft - Fully Updated - Sold 03/2022 $225k! (3 DOM)
• Comp 3: 1434 Milton St - 2/1 with 900 sq/ft - Fully Updated - Sold 10/2021 $205k!
• Comp 4: 640 W 7th Ave - 3/1 with 962 sq/ft - Clean Rental Condition - Sold 12/2021 $200k!
• Comp 5: 1338 Branch St - 2/1 with 872 sq/ft - Updated Rental Condition - Sold 03/2022 $177k!
• Rehab Description: For a flip or a rental, this property will require a complete update. Both units will need a cosmetic facelift to achieve max ARV and/or market rents.
• Features: Located close to downtown Tallahassee and just walking distance to FSU's campus, this Single Family turned Duplex features 2 units. Keep as a duplex and cash flowing property or convert back to a single family. Multiple opportunities to buy and hold or fix and flip!
• Important Details: APT A = 2/1 with 976 sq/ft - Owner Occupied with a 30 post closing occupancy hold back of $10k. APT B = 1/1 with 642 sq/ft - Tenant Occupied M2M $450/month.
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab