Additional Details

• Important Details: --> VACANT on LOCKBOX! --> Tax assessed at $170k for 2023 --> 2/2 layout (3/1 on tax roll)
• Features: Located in the heart of Gainesville! This 2 bedroom, 2 bathroom homes features 1,098 sqft of living space and is conveniently located near downtown, the University of Florida, local parks, Shands, and more! Do not miss out on this one!
• Potential ARV: $275,000 - $300,000
• Rehab Description: For a flip or rental, this is a full gut job. Demo the interior down to the studs and replace the flooring, kitchen, and bathrooms. Update plumbing and electrical. Install drywall for ceiling and walls. Replace all trim, fixtures, appliances, and windows. Replace the roof and install central HVAC. Pressure wash and paint the exterior and landscape to boost appeal and bring this property back to life!
• Estimated Rehab: $60,000 - $70,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1,600 - $1,800
• Construction: Frame/Brick Veneer
• Comp 1: 502 NW 2nd Ave, Gainesville, FL 32601 3/1, 900 sqft SOLD $295k in APRIL (1946 build, cbs, fully renovated)
• Comp 2: 815 NW 12th Ave, Gainesville, FL 32601 2/1, 980 sqft PENDING $275k (4 days on market!) (1951 build, cbs, fully renovated)
• Comp 3: 616 NW 8th Pl, Gainesville, FL 32601 2/1, 1032 sqft SOLD $250k in AUGUST (1941 build, framer, clean partially updated)
• Comp 4: 1123 NW 6th Pl, Gainesville, FL 32601 2/2, 806 sqft SOLD $138k in JUNE (1955 build, cbs, distressed/as-is sale)
• Comp 5: 529 NW 3rd St, Gainesville, FL 32601 2/1, 552 sqft SOLD $180k in SEPTEMBER (1930 build, framer, as-is/dated sale)