5505 S Utopia Terrace, Inverness, FL, 34452
FOR SALE
$149,990
FOR SALE
$149,990 $154,990
Additional Details
- Important Details: --> 30 day post occupancy with $10K escrow holdback --> .41 Acre lot --> Flood Zone X (No flood insurance required) --> NO HOA
- Features: Textbook Flip with Great Specs Under 150K in Inverness, FL! This 2/2 home offers 1,583 SQFT and sits on an oversized 0.41-acre lot, providing plenty of space and strong resale potential. Featuring an attached two-car garage, outdoor storage shed, NO HOA, and Flood Zone X (no flood insurance required), this property checks several boxes for investors looking for a straightforward value-add opportunity. With a great entry price and desirable property features, a fully renovated product has the potential to stand out in the market and maximize resale value.
- Potential ARV: $270,000-$280,000
- Rehab Description: To maximize resale value, this property will require a full renovation inside and out. Add a closet to the existing third bedroom to create a functional 3/2 layout. Completely modernize the interior with new flooring, an updated kitchen and bathrooms, new fixtures and finishes, and fresh interior paint throughout. The roof appears to be in good condition, but its age is unknown and no permits were found, so replacement may be necessary due to age. Replace the AC system, address any necessary exterior repairs, apply fresh exterior paint, improve landscaping to boost curb appeal, complete a thorough deep clean, and handle all remaining punch-list items to deliver a fully renovated, market-ready product.
- Comparable Rent: $1900-$2000/MO
- Construction: CBS
- Ideal Investment Strategy: Resale/Rental
- Comp 1: 5741 S Burr Ter, Inverness, FL 34452 3/2 1368 SQFT 2004 Build SOLD @ $285,725 7/13/26 (Smaller/similar size lot/dated)
- Comp 2: 3710 S SUSAN PT, INVERNESS, FL 34452 2/2 1541 SQFT 1985 Build SOLD @ $289,000 5/22/26 (Some updates)
- Comp 3: 4150 S APOPKA AVE, INVERNESS, FL 34452 2/2 1402 SQFT 1987 Build SOLD @ $269,900 6/24/26 (Smaller/dated)
- Comp 4: 6096 E TREMONT ST, INVERNESS, FL 34452 3/2 1368 SQFT 1988 Build SOLD @ $265,000 5/25/26 (Smaller/updated)
- Comp 5: 6365 E RECTOR ST, INVERNESS, FL 34452 2/2 1295 SQFT 1984 Build SOLD @ $240,000 6/8/26 (Smaller/some updates)
- Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money
