Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $265,000-$285,000
• Estimated Rehab: $60,000-$75,000
• Comparable Rent: $1,700++
• Construction: CBS
• Occupancy: VACANT
• Comp 1: 122 N Marie Dr - 3/1 with 1,433 sq/ft - Fully Updated - Pending @ $299k!
• Comp 2: 304 S MacArthur Ave - 3/1 with 1,263 sq/ft - Clean with Minor Updates - Sold 09/2022 $265k
• Comp 3: 219 S Claire Dr - 3/1 with 1,306 sq/ft - Clean but OUTDATED - Sold 09/2022 $230k
• Comp 4: 203 S Marie Dr - 3/2 with 1,225 sq/ft - DISTRESSED - Sold 11/2022 $126k!
• Rehab Description: This property will need a complete overhaul. The roof along with the fascia, kitchen, flooring throughout, both bathrooms, HVAC, windows, should all be replaced and upgraded. Additionally, drywall repair, fixtures, landscaping, and a trash out.
• Features: Located in the highly sought after subdivision of Cove Terrace in Panama City! This CONCRETE BLOCK home features 2 bedrooms, 2 bathrooms, a 1 car garage, and a spacious lot size of nearly 14,000 square feet. A clean slate to upgrade and update this home offered VACANT and ready for rehab!
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab