Additional Details

• Important Details: --> Nothing Active or Pending in this pocket! --> 4 bed, 2.5 bath --> 2-story circular home --> AirDNA projects $40k annual revenue at a 12% cap rate with an average $160 daily rate
• Features: New deal in St Augustine Woods! This 4 bedroom, 2.5 bathroom home features 1,196 sqft with wraparound porches on the first and second floor, a screened patio upstairs, an open deck upstairs, and a detached carport/shed. Being offered vacant at closing, this clean house is in a quiet neighborhood on a 1-acre lot. No Actives or Pendings in this pocket! Don't miss out on this deal with instant equity that can be a profitable flip or short-term rental for FSU/FAMU/TCC events!
• Potential ARV: $275,000 - $300,000
• Rehab Description: For a flip or Airbnb, this needs minimal cosmetic updates. Deep clean and apply fresh interior paint throughout. Replace carpeting in bedrooms. Both central HVAC units working but may need updating due to age. Metal roof is in good condition with no apparent visual evidence of leaking. Plumbing and electrical are in good working order. Decking may need some attention. Pressure wash and paint the exterior and do some landscaping to boost appeal. Optionally, update the kitchen and bathrooms and flooring to taste.
• Estimated Rehab: $20,000 - $30,000
• Ideal Investment Strategy: Rental/Resale
• Construction: Frame
• Comp 1: 4537 Louvinia Ct, Tallahassee, FL 32311 (3/2, 1436 sqft) SOLD $330k in OCT 2022 (1975 build, quirky home on a dirt road, 5 acres)
• Comp 2: 3984 Camino Real, Tallahassee, FL 32311 (3/2, 1625 sqft) SOLD $280k in SEPT 2022 (1993 build, clean but dated, 0.75 acres)
• Comp 3: 8726 Palencia Ct, Tallahassee, FL 32311 (3/2, 1616 sqft) SOLD $280k in JULY 2022 (1992 build, dated, 0.60 acres)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab