Additional Details

• Important Details: --> Vacant on lockbox! --> 2/1 cbs with frame addition
• Features: Quiet lot at the end of the street! This 2 bedroom, 1 bathroom cbs home features 1,080 sqft of living area plus a detached garage and additional shed. Property sits on a spacious 0.37-acre lot. Property is being offered vacant. Start rehab ASAP to get this property rented and cash flowing or flip for a quick buck.
• Potential ARV: $125,000 - $150,000
• Rehab Description: For a flip or rental, this property will need a cosmetic upgrade. Area does not call for high-end finishes. Update kitchen, bathrooms, flooring and trim/fixtures. Apply fresh interior paint throughout. Subflooring may need attention in certain areas. Minor trash out needed to shed and garage. Roof may need to be replaced and some windows may need to be replaced. Install new AC window or wall units. Electrical and plumbing in good condition. Pressure wash and paint exterior and landscape to increase value.
• Estimated Rehab: $40,000 - $50,000
• Construction: CBS
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1,100
• Comp 1: 7922 Kershaw St, Pensacola, 32534 (3/1, 1348 sqft) SOLD for $105k in FEBRUARY (1959 build, unlivable condition, 22 days on market)
• Comp 2: 8722 Shaw Ave, Pensacola, 32534 (3/1, 1000 sqft) SOLD for $98k in JANUARY (1957 build, rental condition, 30 days on market)
• Comp 3: 8510 Mack St, Pensacola, 32534 (2/1, 783 sqft) SOLD for $77k in JANUARY (1950 build, rental condition, smaller)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab