Additional Details

• Potential ARV: $190,000 - $210,000
• Features: CBS home in Pensacola! This 3 bedroom, 1 bathroom house features 1,232 sqft of living area and sits on a spacious 0.9 acre lot. Property is conveniently located close to Hwy 90 and I-10 and just a short drive to downtown and NAS Pensacola. Offered vacant at closing Don't miss out on this deal with instant equity!
• Important Details: --> VACANT AT CLOSING!
• Ideal Investment Strategy: Rental/Resale
• Estimated Rehab: $45,000 - $55,000
• Rehab Description: For a flip or rental, this will need a full update. Renovate the kitchen, bathroom and flooring throughout. Finish the 3rd bedroom closet and the laundry room. HVAC needs to be updated to replace the 2 units that are not serviceable. Roof may need soffit repair but appears to have useful life remaining. Minor drywall spot repairs from previous roof leak. Trim/fixtures need attention. Deep clean, trash out, pressure wash, and apply fresh interior/exterior paint. Round out the renovation by doing some landscaping to boost appeal and maximize value.
• Comparable Rent: $1500
• Construction: CBS
• Comp 1: 3541 Milford Rd., Pensacola, FL 32526 (3/1.5, 1456 sqft.) Sold for $200K on 10/26/22 (1962 build, Half lot size, Dated condition)
• Comp 2: 4871 La Ceiba Dr., Pensacola, FL 32526 (3/1, 1296 sqft.) Sold for $198K on 11/21/22 (1971 build, Basic rental condition, Significantly smaller lot size)
• Comp 3: 4920 La Ceiba Dr., Pensacola, FL 32526 (3/1.5, 1107 sqft.) Pending for $195K on 11/14/22 (1971 build, Basic rental condition, Significantly smaller lot size)
• Comp 4: 5525 Ormond Dr., Pensacola, FL 32526 (3/1, 904 sqft.) Sold for $175K on 11/1/22 (1977 build, 300 sqft smaller, 1/3 lot size, Rental condition)
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab