Additional Details

• Features: A Triple Threat opportunity for under tax assesed, yes please! Don't miss out on this incredible deal minutes from Downtown Pensacola, local parks, and Pensacola Beach. Due to its location, this neighborhood hosts many short term and long term rental properties. Similar properties in the area earn between $99-$180/night in short term rental rates. Long term rentals run around $1,300/month. A perfect opportunity for any type of investor.
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $155,000-$165,000
• Estimated Rehab: $35,000-$45,000
• Rehab Description: For a flip or rental this property requires a full rehab. Begin with repairing the sub floor around the water heater. Update the flooring in the rest of the house after that. Install central AC. Then complete a kitchen renovation, followed by updating both bathrooms. Replace the wood paneling with dry wall, and complete any drywall ceiling repairs needed as well. Replace one broken window. and finish the interior off with a fresh coat of paint. Outside, the roof looks to be in good shape, but repair any soffit damage around the house. Remove the metal shed out back to increase yard space. Finish it all off with some landscaping to boost curb appeal.
• Comparable Rent: $1,300
• Important Details: 2022 Tax Assessed: $87,049
• Construction: Frame
• Comp 1: 1703 W Brainerd St, 3/1 1,014 sqft Sold 6/22 @ $155,000 (Smaller, Updated)
• Comp 2: 710 N S St, 2/1 1,108 sqft Sold 7/22 @ $230,000 (Sold as AirBNB, Smaller, Very Nice Rehab)
• Comp 3: 2214 W La Rua St, 3/2 1,568 sqft Sold 8/22 @ $199,000 (Larger, Needing Updates)
• Comp 4: 612 N N St, 2/1 960 sqft Sold 11/30/22 @ $192,500 (Sold as AirBNB, Some Updates still Needed)
• Comp 5: 2109 W Brainerd St, 6/2 1,650 sqft Sold 12/22 @ $157,000 (With Tenants, Under Rented, Larger, Dated)
• Occupancy: Call your Agent
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab