Additional Details

• Important Details: --> Leased through 4/1/24 --> $900/month rent --> HOA $3,000/annually (covers roof and exterior) --> NO rehab immediately required
• Features: Buy your first rental or add to your existing portfolio with this deal! This Oak Meadow 2 bedroom, 2 bathroom condominium features 1,026 sqft of living space. Leased through March 1, 2024, collecting $900/month. When the lease expires, increase rent or renovate and flip the unit. Conveniently located near the Naval Hospital, VA clinic, and schools. Don't miss out on this one if you've been looking for an easy rental!
• Potential ARV: $130,000 - $140,000
• Rehab Description: New rental play in P-cola! This property is currently leased so needs nothing immediately to cash flow! For a future flip or rental this will need cosmetic updates to the kitchen, bathrooms, and flooring. Deep clean and apply fresh interior paint. HVAC appears to be in good working order. Roof, exterior, and common areas are covered by the HOA.
• Estimated Rehab: $0 - $25,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $1300
• Construction: Frame
• Comp 1: 7225 W Fairfield Dr APT B3, Pensacola, FL 32506 (2/2, 1026 sqf) SOLD $135k in MAY (same building, partially updated)
• Comp 2: 7225 W Fairfield Dr APT B7, Pensacola, FL 32506 (2/2, 1026 sqft) SOLD $136k in JANUARY (same building, partially updated)
• Comp 3: 7225 W Fairfield Dr APT A3, Pensacola, FL 32506 (2/2, 1026 sqft) CONTINGENT $135k (same building, partially updated)