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2933 Michael Dr, Pensacola, FL 32505
2933 Michael Dr, Pensacola, FL 32505
SOLD! $74,990 - Single Family
1014 sq ft 3 Bedrooms 1 Bathroom 2004 Year Built

Additional Details

  • Important Details: --> Probate --> 2004 build --> VACANT at closing --> Tax assessed at $91k
  • Features: 2004 build in Pensacola! This 3 bedroom, 1 bathroom home features 1,014 sqft of living space with good bones. Sits on a 0.19 acre lot with no HOA. Dual-threat opportunity, can minimally update and re-rent at market rates or flip with instant equity. Don't miss out on this affordable property!
  • Potential ARV: $135,000 - $155,000
  • Rehab Description: For a flip or rental, this needs some cosmetic updates to the kitchen, bathroom, flooring, trim/fixtures, and some drywall and doors. Replace the roof, some areas of the soffit, and central HVAC due to age. Electric is in good working order. Repair the septic. Pressure wash the exterior and do some landscaping to boost appeal.
  • Estimated Rehab: $30,000 - $40,000
  • Ideal Investment Strategy: Rental/Resale
  • Comparable Rent: $1,000
  • Construction: Frame
  • Comp 1: 705 Vendee Ln, Pensacola, FL 32505 3/1, 1040 sqft SOLD $178k (1959 build, cbs w/ frame addition, updated, carport
  • Comp 2: 2504 N Q St, Pensacola, FL 32505 3/1, 1070 sqft SOLD $170k (1955 build, cbs, updated)
  • Comp 3: 303 Bayliss Ct, Pensacola, FL 32505 3/1, 1064 sqft SOLD $155k (1959 build, cbs, dated as-is sale)
  • Comp 4: 900 Belair Rd, Pensacola, FL 32505 3/1, 1154 sqft SOLD $139k (1958 build, cbs, dated as-is sale)
  • Comp 5: 714 Belair Rd, Pensacola, FL 32505 3/1, 1245 sqft CONTINGENT $130k (1959 build, framer, partially updated)
Property Location

Christopher Williams

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Christopher Williams