Additional Details

• Important Details: --> Vacant at close --> Flood Zone X (No flood insurance needed)
• Features: Investment opportunity under 100k in Perdido Key! This 3-bedroom, 1-bath home offers 1,376 square feet of living space with a one-car garage and is being offered vacant at close. Located in Flood Zone X, no flood insurance is required. The property also includes a detached 240-square-foot ADU utility room that can be fixed up for additional storage or workspace. Competing against dated actives in the area, a full rehab will allow you to modernize the home and maximize its value on the resale or rental market.
• Potential ARV: $260,000-$270,000
• Rehab Description: This property will require a full rehab, and to maximize resale value, reconfiguring the layout is recommended. On the exterior, replace the roof and AC, and enhance curb appeal with fresh landscaping. Inside, install a new kitchen, update the bathrooms, replace flooring and fixtures, and apply fresh interior and exterior paint. Finish with a thorough deep clean to make the home market-ready and positioned for a strong resale.
• Comparable Rent: $1700-$1900/MO
• Ideal Investment Strategy: Resale/Rental
• Construction: FR
• Comp 1: 121 NW Gilliland Rd, Perdido Key FL 32507 3/1 1307 SQFT 1944 Build SOLD @ $255,000 10/23/25 (Dated)
• Comp 2: 208 NW Gilliland Rd, Perdido Key, FL 32507 3/2 1170 SQFT 1940 Build SOLD @ $329,000 9/19/25 (Smaller/fully updated)
• Comp 3: 303 SE Syrcle Dr, Perdido Key, FL 32507 2/1 1368 SQFT 1945 Build SOLD @ $265,000 9/15/25 (Updated)
• Comp 4: 214 Thayer Ave, Perdido Key, FL 32507 2/2 1147 SQFT 1932 Build SOLD @ $258,000 6/27/25 (Updated)
• Comp 5: 307 Payne Rd, Perdido Key, FL 32507 3/1.5 1245 SQFT 1944 Build SOLD @ $318,000 6/25/25 (Clean/with some updates)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money