Additional Details

• Important Details: --> Tax-assessed at $232k! --> In-ground pool! --> Waterfront on Bayou Chico! --> Flood Zone: AE --> 3/2 CBS!
• Features: New CBS pool house on the water! This 3 bedroom, 2 bathroom home features 1,792 sqft of living area with an in-ground pool. The property sits on a spacious 0.33 acre lot on Chico Bayou with direct water access. Houses like these do not come along often! With a CBS pool house on the water, the upside is massive!
• Potential ARV: $285,000 - $325,000
• Rehab Description: For a flip or rental, a full renovation is needed. Upgrade the kitchen, bathrooms, and flooring throughout. Patch and paint drywalls. Install new central HVAC system. Roof may need attention. Pool and dock will need attention. Electrical and plumbing are in good condition. Remove camper on side of house. Pressure wash, paint and landscape exterior to increase value.
• Estimated Rehab: $80,000 - $100,000
• Comparable Rent: $1800
• Construction: CBS / Frame addition
• Ideal Investment Strategy: Rental/Resale
• Comp 1: 304 Ada Wilson Ave, Pensacola, FL 32507 (3/2, 1696 sqft.) SOLD for $275K in MARCH (1948 build, Updated. No pool. Not on water. Only 14 days on market.)
• Comp 2: 1035 S Old Corry Field Rd, Pensacola, FL 32507 (3/2, 1610 sqft.) SOLD for $265K in MARCH (1942 build, Updated. No pool. Not on water. )
• Comp 3: 14 Halsey Dr, Pensacola, FL 32507 (3/2, 1050 sqft.) PENDING for $280K in MARCH (1978 build, Updated. No pool. Not on water. Significantly smaller. Only 25 days on market.)
• Comp 4: 108 Rue Max St, Pensacola, FL 32507 (3/2, 1738 sqft.) PENDING for $265K in MARCH (1950 build, Updated. No pool. Not on water. Significantly smaller. 17 days on market.)
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab