Additional Details

• Important Details: --> VACANT at closing! --> 1.29 Acre lot --> well and septic
• Features: New deal in Ocala! This 3 bedroom, 2 bathroom ranch style home on sits on a spacious 1.29-acre lot and features an open concept with 1,575 sqft of total living space with a den, screened back porch, and attached 2-car garage. Located in a secluded rural area just outside of town off of Hwy 40 and Hwy 41, yet close enough to be a short drive from downtown and I-75. Don't miss out on this opportunity with significant upside potential!
• Potential ARV: $240,000 - $260,000
• Rehab Description: For a flip or rental, this needs a light cosmetic rehab. Start with a trash out. Update the kitchen and one of the bathrooms, and replace flooring in the bedrooms. Apply fresh interior paint throughout. Electrical and plumbing in good working order. Goodman central HVAC replaced with a permit in 2012. Roof shows no apparent signs of leaking but may need to be replaced due to age. Finish with some landscaping to boost appeal.
• Estimated Rehab: $30,000 - $40,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1,800
• Construction: CBS
• Comp 1: 4221 SW Begonia Ct, Dunnellon, FL 34431 3/2 1582 sqft SOLD $295K in NOVEMBER (1988 build, clean rental finishes, 2-car garage)
• Comp 2: 2488 SW 141st Ter Ocala, FL 34481 3/2 1596 sqft SOLD for $243K in JULY (2007 build, dated rental condition, 2-car garage, dirt road)
• Comp 3: 17748 SW 36th Loop Dunnellon, FL 34432 3/2 1558 sqft SOLD $290K preconstruction in JUNE (2022 build, much smaller lot)
• Comp 4: (MOBILE HOME) 2898 SW 168th Ave Ocala, FL 34481 3/2 1296 sqft Sold for $225K in AUGUST (2003 build, mobile home, 2.28 acres)
• Comp 5: (MOBILE HOME) 2288 SW 165th Avenue Rd Ocala, FL 34481 3/2 1292 sqft Sold for $215K in JULY (2006 build, mobile home, 1.15 acres)