Additional Details

• Important Details: --> VACANT AT CLOSE --> .5 Acre lot
• Features: Dual-threat opportunity in Vernon, FL under $55,000?! This 3-bedroom, 1-bathroom home features 1139 of living sq ft and sits on a large lot! Being offered VACANT AT CLOSE, with instant equity to add to your rental portfolio or plenty of upside as a flip. Act fast!
• Potential ARV: $150,000-$160,000
• Rehab Description: For a flip or rental, this property will require a full renovation. On the outside, replace the roof, and AC unit. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. Finish up with landscaping to boost curb appeal!
• Estimated Rehab: $55,000-$65,000
• Comparable Rent: $1100-$1250/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS/FR
• Comp 1: 2895 Church St, Vernon, FL 32462 2/1 963 SQFT 1941 Build SOLD @ $49,900 09/06/24 (Smaller/as-is investor purchase)
• Comp 2: 2672 Lazy Bone Dr, Vernon, FL 32462 2/1 771 SQFT 1958 Build SOLD @ $148,000 01/19/24 (Smaller/clean with some updates)
• Comp 3: 3344 Creek Rd, Vernon, FL 32462 3/1 1404 SQFT 1976 Build SOLD @ $169,999 11/16/23 (Bigger/some updates)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab