Additional Details

• Important Details: --> Month-to-Month tenant paying $1000/mo
• Features: CHEAP deal in Pensacola! This 2 bedroom, 2 bathroom mobile home features 720 sqft of living space and sits on 0.13 acres. Recently updated by the owner with a m2m tenant paying $1000/mo. Cash-flowing opportunity for a cheap rental or an affordable flip!
• Potential ARV: $75,000 - $95,000
• Rehab Description: For a flip or rental, this needs some cosmetic updates. Fix the flooring and spot repair some wall panels. Window AC units may need to be updated but are currently working. Kitchen and bathrooms recently updated by owner. Metal roof recently replaced w/o permit. Electrical updated in 2012 with a permit. Plumbing in good working order. Deep clean interior and pressure wash exterior. Apply fresh interior and exterior paint and do some landscaping to boost appeal.
• Estimated Rehab: $10,000 - $20,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1100
• Construction: Mobile Home
• Comp 1: 1250 LOWANDE AVE, PENSACOLA, FL 32507 3/1.5, 924 sq ft SOLD $118K in MARCH 2023 (1986 build, mobile home, dated, 0.83 acres)
• Comp 2: 1111 Mills Ave, Perdido Key, FL 32507 2/2, 1188 sqft LEASED $1500/MO (2004 build, mobile home, 0.27 acres)
• Comp 3: 833 Wayne Ave, Perdido Key, FL 32507 3/2, 1280 sqft SOLD $85k in MARCH 2023 (1998 build, mobile home, 1.10 acres)
• Comp 4: 1107 Polk Ave, Perdido Key, FL 32507 0.4 acres, VACANT LAND SOLD $43,200 in APRIL 2023