Additional Details

• Important Details: --> Vacant at close --> Double lot (APN included in purchase/lot may be split) --> 2019 AC unit
• Features: Textbook flip opportunity in Inverness, FL! This concrete block 2-bedroom, 2-bathroom home features 1040 of living sqft, an attached one car garage, a large enclosed patio, a outdoor shed, and sits on a double lot. Being offered at an attractive price, vacant at close, and with upside as a flip or great addition to your rental portfolio. The 9540 sqft lot next door is also included with the sale of this property which allows you to split the lot to sell the land or develop to maximize on this opportunity. Land in this area sells between $9,000-$13,000. Act fast!
• Potential ARV: $220,000-$230,000
• Rehab Description: For a flip or rental, this property with need updates throughout. A tree fell on the rear part of the home and the roof will need to be replaced. The AC unit is from 2019 and great working order. On the inside this needs this needs cosmetic updates to the kitchen, flooring, bathrooms, and trim/fixtures. Deep clean the interior and power wash the exterior, apply fresh interior/exterior paint, and do some landscaping to boost curb appeal!
• Estimated Rehab: $50,000-$60,000
• Comparable Rent: $1400-$1500
• Ideal Investment Strategy: Resale/Rental
• Construction: CBS
• Comp 1: 6633 E Gurley St, Inverness, FL 34452 2/1 1210 SQFT 1973 Build PENDING @ $215,000 (Slightly bigger/dated)
• Comp 2: 5741 S Leonard Ter, Inverness, FL 34452 2/2 1344 SQFT 1976 Build SOLD @ $248,000 12/30/24 (Bigger/updated)
• Comp 3: 3882 S Cameo Ter, Inverness, FL 34452 2/2 1165 SQFT 1988 Build SOLD @ $207,000 11/27/24 (Dated)
• Comp 4: 6096 E Seneca St, Inverness, FL 34452 2/2 1053 SQFT 1977 Build SOLD @ $195,000 10/28/24 (Dated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab