Additional Details

• Important Details: --> Vacant at close --> Flood Zone X (No flood insurance needed)
• Features: This 2/2, 800 sqft home in Micanopy sits on a spacious 0.46-acre lot and is being offered under 50k, providing an attractive entry point for a remodel. The property is vacant at close, located in Flood Zone X (no flood insurance required), and surrounded by an area where nothing active is listed under 150k except land—offering strong upside. With plenty of room to undercut the market, this is a great opportunity for an easy flip or a solid long-term rental addition to your portfolio.
• Potential ARV: $120,000-$130,000
• Rehab Description: $1300-1400/MO
• Comparable Rent: For a flip or rental, this is an easy rehab that mainly needs a cosmetic refresh. On the exterior, the roof appears to be in okay condition but the age is unknown, so budgeting for a replacement is recommended. The AC unit is only one year old, adding immediate value. Inside, replace the flooring, fixtures, and kitchen to modernize the home. The bathrooms appear to be in good condition but may need minor finishing touches. Apply fresh interior and exterior paint throughout, and the property will be market-ready.
• Ideal Investment Strategy: Resale/rental
• Construction: FR
• Comp 1: 103 NW 7th St, Micanopy, FL 32667 3/2 1056 SQFT 1978 Build SOLD @ $160,000 9/26/25 (Slightly bigger/Dated/similar condition as ours)
• Comp 2: 202 NW 6th Ave, Micanopy, FL 32667 3/2 984 SQFT 1996 Build SOLD @ $160,000 7/25/25 (Slightly bigger/Dated)
• Comp 3: 21854 NW 60th Ave, Micanopy, FL 32667 3/2 1255 SQFT 1950 Build SOLD @ 199,000 5/23/25 (Bigger/updated)
• Comp 4: 18431 NW 57TH CT, REDDICK, FL 32686 3/1 736 SQFT 1987 Build SOLD @ $115,000 12/20/24 (Mobile home/smaller with one bath/updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money