Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $150,000-$160,000
• Estimated Rehab: $15,000-$25,000
• Comparable Rent: $1,250
• Construction: Frame
• Occupancy: Tenant Occupied!
• Comp 1: 4325 Coldsprings Dr - 3/1.5 with 984 sq/ft - Clean Rental Condition - Sold 11/2021 $157,500
• Comp 2: 2988 Blue Star Ave - 3/1.5 with 1,134 sq/ft - Outdated Rental Condition - Sold 01/2022 $149,990!
• Comp 3: 4329 Coldsprings Dr - 3/1.5 with 1,200 sq/ft - Outdated - Sold 01/2022 $130k!
• Comp 4: 4109 E Johnson Ave - 3/2 with 1,040 sq/ft - Leased 10/21 for $1,275/month
• Comp 5: 5086 Yacht Harbor Cir - 2/1 with 851 sq/ft - Leased 05/2022 for $1,250/month
• Comp 6: 4945 Yacht Harbor Dr- 2/1 with 900 sq/ft - Leased 07/2022 for $1,195/month
• Rehab Description: To keep as a rental, the roof is roughly 15 years old and could be replaced. Overall, this home is in great rental condition and not much is need if needed to put a new renter in place. Interior/exterior paint, landscaping, and that would complete the rehab for a rental. For a flip, updating the roof, central air, completing the drywall in the utility/laundry room, updating the flooring throughout, the kitchen appliances, and fixtures. Lastly, either keep the converted garage as extra space under air or convert back into a bedroom.
• Features: Amazing opportunity to buy a clean, tenant occupied, rental ready home in Pensacola, Florida! This property features 3 bedrooms, 1.5 bathrooms, a converted garage for extra living space under air, and a spacious, fenced in backyard! Buy and hold or fix and flip with the current tenant's lease expiring in the next couple months!
• Important Details: Living Square Footage: 950 base + 300 additional square feet from converted garage = 1,250 sq/ft total under air.
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab