Additional Details

• Features: Check out this home in the heart of Pensacola with a new roof! Located minutes from Downtown, Cordova Mall, Pensacola Airport, Sacred Heart Hospital, Pensacola State College! With a large kitchen, spacious back yard, carport, and beautiful brick veneer, this 2/2 home already has great presence & curb appeal. It just needs the right investor to update the interior and bring it into 2023 with bang.
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $220,000-$230,000
• Estimated Rehab: $30,000-$35,000
• Rehab Description: On this flip/rental, the roof & kitchen flooring is new, but start by updating the floors throughout the rest of the house. Next, update the kitchen cabinets and countertops. Both bathrooms need to be updated, a leak addressed in one, and some ceiling drywall repairs in the other. Next, complete any additional drywall repairs needed throughout the home. Finish off the interior with a fresh coat of paint. Outside, replace the siding on the Florida room out back, and clear out the 2 metal sheds for added storage. To finish up this project, update the landscaping to boost curb appeal.
• Comparable Rent: $1900
• Important Details: 2022 Roof
• Construction: Frame
• Comp 1: 4666 N 9th Ave 2/2 1,385 sqft Sold 10/25/22 @ $200,000 (14 Days on Market, Needs updates)
• Comp 2: 268 Datura St 3/2 1,312 sqft Sold 10/20/22 @ $230,000 (Dated with Smaller Lot)
• Comp 3: 203 Berkley Dr 3/2 1,435 sqft Sold 12/19/22 @ $209,000 (Updated with Smaller Lot)
• Occupancy: Call your Agent
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab