Additional Details

• Important Details: --> 3/1.5 townhouse! --> 15-day post-closing occupancy with $10k holdback --> Tax-assessed at $74k!
• Features: New Townhouse deal in Gainesville! This 3 bedroom, 1.5 bathroom townhouse features 1200 sqft of living area, a driveway, and a fenced backyard. Conveniently located near Gainesville Country Day School, Split Rock Conservation Area, and a short drive to the University of Florida! Smaller properties in this pocket are consistently selling in less than 1 week on the market. Get this rare deal while you can!
• Potential ARV: $155,000 - $175,000
• Rehab Description: For a flip or rental, this property will need a cosmetic update. Upgrade the kitchen and bathrooms and replace carpeting in bedrooms. Repair/replace some drywall and replace trim/fixtures throughout. HVAC will need to be repaired or replaced. Roof, electrical, and plumbing appear to be in good condition. Deep clean and apply fresh interior paint throughout. Pressure wash and paint exterior and do some landscaping in the front and backyard to increase appeal.
• Estimated Rehab: $30,000 - $40,000
• Comparable Rent: $1,200
• Construction: Frame
• Ideal Investment Strategy: Rental/Resale
• Comp 1: 6957 SW 21st Dr, Gainesville, FL 32607 (2/2, 1296 sqft) SOLD for $165k in MARCH (1983 build, smaller, updated, 3 days on market)
• Comp 2: 2317 SW 73rd Ter, Gainesville, FL 32607 (2/2, 1212 sqft) SOLD $160k in FEB (1984 build, updated, went Pending in 5 days)
• Comp 3: 2221 SW 73rd Ter, Gainesville, FL 32607 (2/1.5, 1030 sqft) PENDING $185k (1984 build, partially updated, 18 days on market)
• Comp 4: 2336 SW 73rd Ter, Gainesville, FL 32607 2/2, 1130 sqft SOLD $181k in DEC (1985 build, clean, partially updated, went Pending above ask in 13 days)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab